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TOPIC: Barclays - back on the radar

Barclays - back on the radar 28 Oct 2013 08:00 #1

  • Food4Thought
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Hi WR,

I have a falling wedge with support currently in the 264 area. Below that is good horizontal support at 260 and 255.70.

The break of the 61.8% fib would suggest a return to 261 at minimum, so 260 could be a good play.

uk.advfn.com/p.php?pid=chartscreenshotsh.../2gg=&symbol=A%5EAPT

Results out on Wednesday
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The following user(s) said Thank You: waverider2

Barclays - back on the radar 26 Oct 2013 18:08 #2

  • waverider2
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Barclays has just come back into my radar. The daily charts are interesting...its at the bottleneck of a triangle - very consistent with where it should be before earnings are reported.
There seems to be some buying at 265.

260 looks like a better place to go long I guess but that is outside the triangle...

here is an hourly chart.
dl.dropboxusercontent.com/u/4385922/Barc251013.png

Any thoughts or where any traders are positioning themselves (some trade ideas would be good with stop loss etc). If my fingers are itchy, i would go long with stop below 260. Over to you...
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