UK: BT Group shares await breaching the moving average – Analysis – 9-1-2019

BTgroup shares price succeeded to form a minor bullish channel in the last trading, announcing its readiness to record several positive targets in the near and medium period, by the above image, we notice the contradiction of the moving average 55 by its stability at 242.30 with the bullish attack, which forces the price to form an intraday sideways fluctuation, to be confined between the current barrier and 229.60 support level.

Forming a bullish wave by stochastic and its stability above 50 level increases the chances for gaining new positive momentum, to wait for breaching the moving average 55, to confirm its readiness to record several targets by reaching 250.10 and 262.45.

Expected trading range for today is between 232.50 and 250.10

Expected trend for today: Bullish