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.
Back in the weekly trendline
After the break of the higher multidiagonal, it looks like we could be due a trip to the lower diagonal at ~2.75p
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.