Germany: Commerzbank prepares for new positivity – Analysis – 30-4-2019

Commerzbank shares price hinted its preparation to resume the bullish attack by forming strong bullish wave recently, reaching 8.12 level, while the price gets its main momentum by the stability within the bullish channel besides stochastic recent to the overbought areas.

These factors along with 7.95 level forming additional support allow us to expect forming new bullish rally to target 8.32 level, followed by waiting to touch the bullish channel’s resistance at 8.45.

The expected trading range for today is between 8.00 and 8.32

The expected trend for today: Bullish