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UK: Barclays resumes the bullish attack – Analysis – 23-1-2018
Barclays shares price managed to surpass 50% Fibonacci correction level at 204.75 to confirm the preparation to resume the expected bullish attack, while we will depend on the breached barrier that formed new support base to target 213.06 level as a next positive station followed by waiting to touch 61.8% Fibonacci correction level around 224.80.
Note that the stability of the moving average 55 below the current trades confirms blocking the price within the bullish range, besides, stochastic reach to the overbought areas paves the way to gain new positive momentum to manage to reach the mentioned targets.
Expected trading range for today is between 204.75 and 213.60
Expected trend for today: Bullish
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