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Barclays - any thoughts

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11 years 11 months ago #9665 by Jackozy
Replied by Jackozy on topic Barclays - any thoughts
BARC is back on the radar as it's approaching a very important level at 235-240p after a year of trading in a 50p sideways range. It's going to be really important that this level holds if this range is going to be a consolidation towards higher prices. Here's a daily chart:



dl.dropboxusercontent.com/u/20815047/FTS...ARCdaily07_03_14.png

You can see how the 245p support held again recently but prices headed back to it yesterday suggesting that this support is unlikely to hold. The important level can be seen left. Here we see it gapped up after a close above the daily breakout level at 235p, then, only 8 days later, it gapped up substantially from a major breakout from the weekly chart (see below) at 240p:



dl.dropboxusercontent.com/u/20815047/FTS...RCweekly07_03_14.png

Indicators are either rising or forming possible divergences (questionable given the sideways nature of the chart) but to me this is worth a long at either 235p or 240p with a tight stop below 235p.

I'd welcome other views on this.
The following user(s) said Thank You: WaveSurfer, CT79, Libero, on greenhill, not-just-anytradr, buffet

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12 years 3 days ago #9538 by waverider2
Please can someone share their TA on Barclays?

I have tried to look at it from a very lazy perspective and could find a few sticky questions.

I have attached a weekly chart
dl.dropboxusercontent.com/u/4385922/barclays.png

thanks

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