Germany: Continental shares price repeats the positive closings – Analysis – 17-6-2019

Continental shares price repeated the positive closings by holding above the key support 120.10, to confirm its preparation to resume the bullish attack in the near term and medium term period, while forming the bullish attack requires jumping above 50% Fibonacci correction level at 133.45 to increase the chances of closing the gap at 145.15.

The above chart shows stochastic attempt to exit the oversold areas, to end the negative pressures and increase the chances of gathering the additional positive momentum to confirm the attempt to renew the previously suggested bullish attack.

The expected trading range for today is between 121.75 and 133.45

The expected trend for today: Bullish