UK: BT Group shares price prepares for new decline – Analysis – 18-7-2019

BT Group shares price confirmed surrendering to the bearish bias domination by moving away from 212.00 resistance recently, activating the head and shoulders’ pattern that appears on the chart, expecting to crawl below 185.60 level and confirm the preparation to record new negative targets that might start at 177.60 followed by 168.35 levels.

Stochastic attempt to crawl towards the oversold areas again reinforce the negative overview by providing new negative momentum, to increase the chances of reaching the suggested negative targets.

The expected trading range for today is between 192.50 and 177.60

The expected trend for today: Bearish