Germany: Daimler repeats the fluctuation below the resistance – Analysis – 11-1-2019

Despite Daimler shares price forming some bullish correction recently, its continuous stability below the bearish channel’s resistance –at 50.50- supports our bearish overview, also, stochastic reach to the overbought areas confirms getting rid of the positive pressures to provide good chance to gather new negative momentum that will allow the price to start achieving the negative targets, starting at 46.75 followed by 77.45.

Expected trading range for today is between 50.00 and 46.75

Expected trend for today: Bearish