Germany: Beiersdorf shares price records new historical targets – Analysis – 4-6-2019

Succeeded to form new bullish wave recently, to surpass 103.10 top and start recording new historical targets by reaching 104.03, while the current rebound will not affect the bullish overview due to the price consolidation within the bullish channel, depending on the stability of the major support 101.25.

Also, the moving average 55 forms additional support at 102.40, to increase the chances of gathering new positive momentum to increase the chances of forming new bullish attack and eases the attempt to achieve new targets that might start at 105.60 followed by reaching 107.65 resistance.

The expected trading range for today is between 102.30 and 105.60

The expected trend for today: Bullish