UK: BT Group shares price still negative – Analysis – 11-6-2019

BT Group shares price formed intraday positive rebound, surrendering to stochastic positivity that exited the oversold areas, to approach 212.00 resistance, reminding you that the current resistance forms the neckline of the double top pattern that supports the continuation of the negativity, waiting to gather new negative momentum followed by repeating the attempts to reach the first negative target at 185.60.

On the other hand, the continuous positive pressures and rallying above the current resistance will confirm getting rid of the negative domination and start forming strong bullish trades to target 229.60 followed by 246.10 levels.

The expected trading range for today is between 212.00 and 196.00

The expected trend for today: Bearish