Germany: Daimler resumes the negative attack – Analysis – 7-8-2019

Daimler shares price continued to provide frequent negative trades, affected by its stability within the main bearish channel, to notice crawling below the initial support 44.45, recording new negative targets by touching 43.20.

Stochastic provides new negative momentum due to its consolidation within the oversold areas to increase the chances of resuming the negative attack, expecting to target 42.50 followed by 40.50 levels.

The expected trading range for today is between 44.00 and 42.50

The expected trend for today: Bearish