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

Economies.com
2019-01-21 08:12AM UTC

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

Stocks Technical Analysis

United States Analysis

Stocks

CVS price climbs cautiously - Forecast today - 28-03-2024
2024-03-28 11:18AM UTC
CVS Health Corporation Stock Analysis CVS Health Corporation’s stock price edged up in the ...
United States Analysis

Stocks

eBay price starts recovering - Forecast today - 28-03-2024
2024-03-28 11:17AM UTC
eBay Stock Analysis eBay’s stock price rose in the intraday levels amid the dominance of the ...
United States Analysis

Stocks

Taiwan Semiconductor price seeks a bottom to boost it higher - 28-03-2024
2024-03-28 11:17AM UTC
Taiwan Semiconductor Stock Analysis Taiwan Semiconductor’s stock price (TSM) fell in the ...