Germany: Beiersdorf shares suffer big losses – Analysis – 12-10-2018

Beiersdorf shares price faced strong negative pressures recently, to notice its crawling below 93.17 support, forming strong negative attack by recording 89.38 level, expecting the moving average 55 to form additional resistance by settling at 91.75 level to confirm blocking the price within the negative range and increase the chances of resuming recording the negative targets at 88.70 followed by 86.90 levels.

Expected trading range for today is between 91.05 and 88.70

Expected trend for today: Bearish