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Barclays Daily Technical Analysis | 30 November 2017

2017-11-30 11:51 am | Resource: Technical Analysis Section | No Views : 442

Barclays broke through yesterday morning's bearish trend line and the English stock tried to breach the 193.46 resistance level but failed.
Barclays Daily Technical Analysis | 30 November 2017

Currently, the British stock is trading in a bullish direction on the hourly frame and the highest levels of the broken trendline, as well as the highest levels of 189.98, the SMA and the slow moving average are both positive and long term crosses forming a support level.
Change Rate Indicator 12 The sub-descending trend line has broken and is trading in an upward trend in the configuration and the indicator is approaching the saturation levels.
It is expected that, if the European Bank shares break to the level of 193.46 may target the level of 198.19 on the other side in case, failure to penetrate the level of 193.46 may target the level of 187.16.
Support: 175.58- 169.09- 165.38
Resistance: 187.16 - 193.46 - 198.19
Trend: Up

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