UK: 3i Group shares prepare for new rise – Analysis – 20-3-2019

3I Group shares price kept its stability within the bullish channel to notice surpassing the initial barrier at 972.10, confirming the preparation to form new bullish attack in the near term and medium term period.

Gathering the positive momentum after stochastic consolidation within the overbought areas allows us to expect forming bullish attack to target 983.50 level initially, followed by attempting to reach the main resistance at 994.30.

The expected trading range for today is between 972.50 and 983.50

The expected trend for today: Bullish