Germany: Allianz AG shares surpass the first target – Analysis – 17-4-2019

Allianz shares price formed strong bullish attack recently to surpass the first target at 206.90 and confirm keeping the bullish bias domination for the upcoming trading, expecting to move towards 50% Fibonacci correction level at 215.00 followed by waiting to monitor the price behavior until determining the next main trend.

In case surpassing 215.00, the way will be open to target more positive levels that start at 219.85, while failing to breach might increase the chances of forming strong negative rebound to target 207.00 followed by 202.20 levels.

The expected trading range for today is between 209.20 and 215.00

The expected trend for today: Bullish