barc - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...Cfs2ayxzgVz45H2CM%3D
This retraced and bounced of 135p almost perfectly! (as per my post on the 24th of Nov)
it looks to be testing the top of the channel.....and could well break out towards 168p/170p....
barc - weekly
uk.advfn.com/p.php?pid=chartscreenshotsh...Cfs2ayxzgVz45H2CM%3D
as Paitech's chart shows.....the main level to beat is the 2010 down trendline.....i make the b/out level around 168p/170p.....
if it breaks out from this long term resistance it could be a sign of a 10 year bear run ending....
so key level for bulls to go long from.....
stops are a must for that b/out trade......in case it ends up being bull trap b/out...
atb, wdik, dyor,
trendfriend