France: Carrefour holds above the initial support – Analysis – 17-10-2018

Carrefour shares price repeated the mixed trades despite its stability within the bearish channel, affected by the strength of the initial support at 15.40, while the stability of this support allows us to suggest more correctional bullish attempts that support the attempt to move towards 16.40 followed by reaching the main resistance at 17.30.

On the other hand, succeeding to break the current support will confirm the preparation to form strong negative trades and manage to record the main negative targets at 14.50 followed by 13.85 levels.

Expected trading range for today is between 15.40 and 16.40

Expected trend for today: Bullish