Germany- Daimler shares moves to the bullish track – Analysis – 9-9-2019

Daimler price affected by the repeated positive pressures in the last period, to form a bullish wave to settle above the bearish channel’s resistance at 44.80 level, to confirm its move to the bullish bias.

The stability of the moving average 55 below the breached resistance confirms forming a good support against the bullish attempts, which confirms the readiness of the price to begin the bullish attack, to target 46.15 reaching to 61.8% Fibonacci correction level at 47.22.

The expected trading range for today is between 44.85 and 46.15

The expected trend for today: Bullish