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Investamate
Jan 2, 2020 10:16 AM

BT Group - Filled the gap Long

BT GROUP ORD GBP0.05LSE

Description

Buy BT Group (BT.A.L)

BT Group plc is a communications services company. The Company is engaged in selling fixed-voice services, broadband, mobile and television products and services, as well as various communications services ranging from phone and broadband to managed networked information technology (IT) solutions and cyber security protection.

Market Cap: £18.96Billion

BT has broken out of a channel pattern on the daily chart. The shares recieved a boost following the Conservative win in the General Election and the shares gapped higher. We have now seen that gap get filled, which should attract fresh buying interest.

Stop: 181.6p
Target 1: 212p
Target 2: 230p
Target 3: 265p
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