France: Carrefour surrenders to the bullish correction – Analysis – 15-1-2019

Carrefour shares price did not succeed to break 14.55 support line recently, to be affected by new positive pressure and form many correctional bullish waves by reaching 16.00, also, stochastic reach to 80 level increases the chances of gathering additional positive momentum to increase the chances of targeting the bearish channel’s resistance at 16.85 in the near term period.

Expected trading range for today is between 15.60 and 16.85

Expected trend for today: Bullish