UK: BAE shares price still bullish – Analysis – 14-6-2019

BAE shares price still lacks the positive momentum until this moment, noticing the slow sideways trading near the key support 476.50, while the continuous stability of this support allows us to wait to gather the additional positive momentum followed by forming strong bullish attack to target 500.00 followed by 515.00 in the upcoming period.

Also, the consolidation of the moving average 55 below the key support line supports the bullish overview by confirming blocking the price within the bullish range, and increases the chances of gathering the positive momentum.

The expected trading range for today is between 476.00 and 500.00

The expected trend for today: Bullish