France: Carrefour tests the positivity – Analysis – 16-4-2019

Carrefour shares price provided positive signal by holding above 15.86 support line, to hint the preparation to renew the bullish attempts in the near term and medium term period, expecting to rally towards 17.80 to face the moving average 55, assuring the importance of surpassing this level to manage to renew the bullish attack and move towards 19.70 in the upcoming period.

Stochastic release from the oversold areas and rallying above 50 level supports our bullish overview by providing new positive momentum, to increase the chances of moving towards the first suggested positive target.

The expected trading range for today is between 16.35 and 17.80

The expected trend for today: Bullish