Germany: Daimler tends to resume the negative attack – Analysis – 15-8-2018

Daimler shares price was affected by the strength of 59.80 resistance recently, to notice forming new negative trades and keep its consolidation within the main bearish channel, also, the moving average 55 negative slope will increase the negative pressures, to expect targeting 54.80 level, followed by waiting to reach the bearish channel’s support at 51.85.

We notice stochastic attempt to settle within the oversold areas, to open the way to gather additional negative momentum and ease the attempt to reach the suggested negative targets.

Expected trading range for today is between 57.80 and 54.80

Expected trend for today: Bearish