UK: Dixons shares price touches the key support – Analysis – 21-5-2019

Dixons shares price ended its negative rebound by facing the key support 124.10, to form solid obstacle against the attempts to resume the negative fluctuation, while the current scenario depends on the strength of the current support line to expect renewing the bullish attack and target 149.50 followed by attempting to reach 180.40 levels.

On the other hand, breaking the current support and getting negative close will confirm surrendering to the bearish bias domination by consolidating within the bearish channel, to expect suffering many losses by moving towards 107.60 followed by 95.20 in the upcoming period.

The expected trading range for today is between 124.00 and 140.00

The expected trend for today: Bullish