Germany: Henkel fluctuates below the resistance – Analysis – 7-2-2019

Henkel shares price provided some positive rebound recently to approach the initial resistance 84.05, while continuing to provide negative closings below this resistance reinforces our bearish overview, to expect gathering new negative momentum to decline towards 78.55 followed by reaching the bearish channel’s resistance at 75.40.

We notice stochastic attempt to crawl towards the oversold areas, to reinforce the negative overview by providing new negative momentum and increase the chances of achieving the suggested targets.

The expected trading range for today is between 82.00 and 78.55

The expected trend for today: Bearish