Barc

dl.dropboxusercontent.com/u/7238706/BARCLAYS.png

It's amazing, or maybe not, that support and fib%'s coincide so beautifully - at 249 for 100% extension, and 232 for 161.8% extension. Let's see what happens.....

Hi WR2,

what I should have said is that I see this as a short term opportunity, possibly the next few days only as I expect broad markets to retrace within the next week or so.

Agree that 198 is certainly possible during this expected retrace but we might have to wait until the new year for it to go that low. I have 220 as potential support in between, which would be my initial swing low choice.

F4T

I have got a very bearish 198 target for Barc as it stands today. There was a long term range being played out and it seems to have broken out to the downside. The longer the range plays out - the more the powerful the breakout is.

dl.dropboxusercontent.com/u/4385922/BARC0211.png

The last few days candles have not been that encouraging so maybe wait and see if the pattern fails.

Barclays looks good for a bounce. Three day drop to the downside with gaps. A gap down tomorrow and we have a potential bullish three gaps down formation to look out for. There are bullish divergences on RSI and MACD on both daily and hourly with a touch to RSI support imminent on both.

Historically 253 has been a good area of support/resistance but 255 close is also a support area. Looks promising for a bounce to 265 minimum IMO.

uk.advfn.com/p.php?pid=chartscreenshotsh...%2Fo4ftOvodw7t0Qg%3D

uk.advfn.com/p.php?pid=chartscreenshotsh...lvA6ZIF15mXQOowzS1k=

Some caution required as trendlines broken on both timeframes.

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

Barclays Daily Chart...few thing here...





dl.dropboxusercontent.com/u/40497882/Barc%20Daily.JPG