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Barclays Daily Technical Analysis | 27 December 2017

2017-12-27 09:11 am | Resource: Technical Analysis Section | No Views : 312

Barclays broke the ascending trend line on the 60-minute interval during last week's last trading session. Last week, the stock tested the broken bullish trend line and failed to breach it again.

Barclays Daily Technical Analysis | 27 December 2017

The World Bank share is trading in a short term downtrend while the stock keeps the bullish trend as its main direction, and the moving average and slow moving averages are negative crosses but without confirmation as the stock needs to breach the level of 201.65 Euro to confirm the negative cross.
The rate of change 12 is trading in a bearish direction in the formation, and during last week's trades it broke the ascending trend line.
It is expected that if the World Bank shares break the 201.43 level, it might target the 191.90 level on the other side if the breach of 205.14 might target the 208.58 level.
Support: 198.19 - 193.46 - 187.16
Resistance: 203.91 - 208.58 - 214.07
Trend: Down


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