Germany: Continental shares price exits the bullish track – Analysis – 12-8-2019

Continental shares price faced strong negative pressures recently, which forced the price to form negative wave and settle below the main support 121.60, expecting the broken support to form strong resistance to resume the negative attack and suffer big losses by moving towards 104.30 and 93.50 levels.

Stochastic crawl below 50 level supports the negative attempts, to increase the negative pressures and ease the attempt to record the suggested negative targets.

The expected trading range for today is between 119.00 and 104.30

The expected trend for today: Bearish