UK: Barclays shares price settles below the resistance – Analysis – 12-6-2019

2019-06-12 06:47:14 GMT (Economies.com)
UK: Barclays shares price settles below the resistance – Analysis – 12-6-2019
 

Barclays shares price formed minor bearish channel recently, to notice its fluctuation below 153.60 resistance, confirming its affection by the domination of the bearish bias, expecting to move towards 149.55 to form the first main target, while the continuous negative pressures might extend trades towards the next station at 146.00.

 

The moving average 55 fluctuation above the major resistance confirms blocking the price within the negative range in the near term period, also, stochastic decline below 50 increases the chances to gather the additional negative momentum until achieving our targets.

 

The expected trading range for today is between 152.00 and 149.60

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1214
-0.0004
0.0352%
1.2629
0.0046
0.3644%
14.980
0.112
0.753%
53.677
1.167
2.223%
62.03
-0.11
0.18%
1346.275
4.995
0.372%
 
 
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