Daimler shares price repeated the negative trades, affected by the domination of the bearish bias by settling within the main bearish channel that appears on the chart, while the price current fluctuation below the initial resistance 52.78 confirms the preparation to record more targets, waiting to reach 47.50 followed by pressing on the main support at 45.40.

The stability of the moving average 55 around the bearish channel’s resistance confirms our bearish overview by blocking the price within the negative levels, also, stochastic attempt to move towards 20 level paves the way to gather additional negative momentum to increase the chances of achieving the suggested targets.

Expected trading range for today is between 52.10 and 47.50

Expected trend for today: Bearish