Barclays - 30d expiry - We look to Sell at 172.38 (stop at 178.52) 175 continues to hold back the bulls. Broken out of the Head and Shoulders formation to the upside. The primary trend remains bearish. Bespoke resistance is located at 173. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Resistance could...
Barclays - 30d expiry - We look to Buy a break of 152.62 (stop at 145.44) We are trading at oversold extremes. A bullish reverse Head and Shoulders has formed. Short term bias has turned positive. Prices have reacted from 132.06. A break of the recent high at 152.22 should result in a further move higher. Our outlook is bullish. Our profit targets will be...
Barclays - 30d expiry - We look to Buy at 140.42 (stop at 134.98) Price action continued to range between key support & resistance (140.00 - 175.00) and we expect this to continue. We are trading at oversold extremes. Short term momentum is bearish. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. Support is...
Barclays Short Term We look to Sell at 171.28 (stop at 176.42) Previous resistance located at 170.00. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We look for a temporary move lower. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit...
REASONS TO BE BULLISH Technical - Recently broke out of a 15 year pennant pattern and just retested for support. Technical - Recently crossed and reclaimed the 50 MA. Technical - MA 50 looking like it may cross the 100 and 200 in future months. Technical - RSI is in the bull zone (bouncing off its base). Technical - A 155p entry was triggered when...
Historic support at ~130-131, looks like we're in wave 5. RSI below 30 on the Daily chart. First target fib. lvl 50% (~175) and wave A will most likely take us to the peak of wave 4 making it a nice 30% trade.
Barclays - Short Term - We look to Buy at 187.74 (stop at 177.66) Preferred trade is to buy on dips. Previous support located at 190.00. Prices expected to stall near trend line support. Levels close to the 50% pullback level of 187.16 found buyers. The primary trend remains bullish. Our profit targets will be 219.38 and 227.80 Resistance: 200.00 / 210.00...
Barclays Medium Term Hold - 2008 lows reached - Break above HTF Trend Line
Quarterly chart shows that the lows are in for $BARC in my opinion. Would like to see a move to £3 - I am spot long.
Stock showed up on my scanner last week. Continuation setup. Similar to late-February. 192p is the level to watch. Stop: 182p
The monthly had price facing a thick cloud up. April failed to pierce the cloud and i expect a continuation of this bearish retreat in May. Weekly is showing good build up of bearish volume. Entry: 175.50 SL: 193.00 TP: 133.20 R 2.42 Risk Management is key!
Bearish channel on weekly chart with time to reach the top. Bearish guideline close to breaking, which would confirm the main bullish momentum. The price makes a small correction to 50%, where it forms a follow-up pattern, which breaks its respective resistance, giving us a projection up to 185. If the price breaks above the 78 fibo level, it could go looking...
overbought, due a pullback along with XLF and financials, short with stops above the highs here
As they say. Buy Low, Sell High. Maybe good things coming for Barclays. Not financial advice.