Germany: Deutsche Telecom revives – Analysis – 11-10-2018

Deutsche Telecom shares price started to form new bullish trades that hint the affection by the bullish bias domination, due to its consolidation within the main bullish channel that appears on the chart, while the price stability above the initial support at 14.10 allows us to suggest more bullish attempts that target surpassing 14.45 level first to manage to test the main resistance at 14.65.

We notice that the moving average 55 fluctuates below the current price, to confirm the preparation to renew the bullish attempts and agree stochastic positivity by attempting to provide new positive momentum due to surpassing 50 level recently.

Expected trading range for today is between 14.10 and 14.65

Expected trend for today: Bullish