Germany: Henkel shares price keeps the negative scenario – Analysis – 22-5-2019

Henkel shares price formed more negative trades to confirm keeping the bearish bias domination and record 78.73 level, while the consolidation within the bearish channel and 84.05 level forming additional resistance will increase the chances of resuming the negative attack, waiting to break 77.75 level followed by attempting to reach the next target at 75.40.

Stochastic sharp decline and consolidating within the oversold areas agrees the negative overview, to provide new negative momentum and increase the chances of breaking 77.75 barrier in the near term period.

The expected trading range for today is between 80.40 and 77.75

The expected trend for today: Bearish