Fundamentally, BT group is under enormous pressure and the stock has been in a steady decline.
Given the downgrading issued by BarCap yesterday, and the increase in competition, this stock has great bearish potential.
Targets could move to 70p / 100p
A retest of support of supporrt at 245p but the 20 & 50ma are curving up and the 125ma is flattening out. It will be a bullish signal if the SP closes above the 125ma. At this level they pay a dividend of around 6% and their final are out on May 10th.
Follow the comments on the chart! if If the price goes up to the size of the stop loss point, put the stop loss on the entry point, Stop loss means that the closed price must be below the Stop line, the shadows are not acceptable
Used to correlate well with Vodafone..., and we should expect some upward movement. A solid 6% Div.Yield and 50-60% upward potential are not that bad...
We are predicting that EE and BT consumer growth will boost fundamentals and in turn the technicals will abide by Fibonacci and rally up to the 61.8 retracement.
This morning's news about Openreach has dropped BT shares to a 3-year low. Note however that both in USD (red line) and GBP (candles) they are very close to the 61.8% and 50% fib points here. I expect a drop to touch the fib points, and then a rally.
