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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.

Results out on Wednesday
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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.

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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