Germany: Commerzbank shares get rid of the negativity – Analysis – 10-1-2019

2019-01-10 16:09:48 GMT (Economies.com)
Germany: Commerzbank shares get rid of the negativity – Analysis – 10-1-2019
 

Commerz bank price managed to surpass the bearish bias domination by facing a strong support level at 5.60, which faces it to form a positive rebound to 6.43, the stability of the current support will increase the chances for resuming the bullish attack, to expect reaching to 7.09 by gaining a new positive momentum, then extend the trading to test the moving average 55 at 7.92.

 

We notice stochastic rally to the overbought level, to support the bullish attempts by providing a strong positive momentum in the current trading.

 

Expected trading range for today is between 6.00 and 7.09

 

Expected trend for today: Bullish

 

 
 
 
  Symbol Last Change Chg.%
1.1385
-0.0078
0.6787%
1.2867
0.0010
0.0801%
15.556
-0.042
0.266%
52.000
0.380
0.736%
61.05
-0.27
0.44%
1291.945
4.185
0.325%
 
 
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