Germany: Daimler breaches the resistance – Analysis – 21-1-2019

Daimler shares price formed strong bullish wave recently, to surpass the bearish channel’s resistance at 50.00, noticing the beginning of recording the positive targets by reaching 50.85, expecting the breached resistance to form support line to resume the bullish attack and achieve new targets by reaching 51.80 followed by 52.75.

The above chart shows stochastic attempt to form new bullish wave, to reinforce the attempt to gather positive momentum and manage to reach our mentioned targets.

Expected trading range for today is between 50.40 and 51.80

Expected trend for today: Bullish