TipTVFinance

Barclays PLC outlook

LSE:BARC   BARCLAYS PLC ORD 25P
Pattern – Falling trend line intact, possible inverse head and shoulder formation ahead

Support – 159.35, 152             .70, 148.25

Resistance – 162.63 (50-DMA) 177.55 (10-DMA + falling trend line ), 183-185 (possible inverse H&S neckline

  • Again, failure to take out falling trend line resistance if followed by a daily close below 50-DMA would add credence to the bearish move and expose support range of 152-148.
  • Traders need to watch out for a possible rebound either off 50-DMA or from the support zone of 152             .48 as that would increase odds of an inverse head and shoulder formation with neckline at 183-185 levels.
  • On the other hand, a break below 148.25 would negate the possibility of Inv. H&S formation and increase odds of a drift lower to 143.95.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out