Stocks

UK: Dixons repeats the negative crawling – Analysis – 14-9-2018

2018-09-14 07:08:28 GMT (Economies.com)

Dixons shares price confirmed keeping the bearish bias domination by settling within the bearish channel, noticing forming new negative crawl by reaching 158.40 level, while continuing to get negative momentum by the major indicators confirms the preparation to attack 146.00 support line, while breaching this barrier will allow the price to record additional targets in the upcoming period, starting at 121.25.

 

Stochastic decline and settling within the oversold areas agrees the negative overview by providing the negative momentum to increase the chances of reaching the main waited targets.

 

Expected trading range for today is between 170.00 and 146.80

 

Expected trend for today: Bearish

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