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Barclays Daily Technical Analysis | 8 January 2018

2018-01-08 12:05 pm | Resource: Technical Analysis Section | No Views : 309

On Friday, Barclays broke the minor bullish trend line as a result of the pressure of the sellers on the global stock, which led to the break of 201.58 and therefore the trend was reversed and the stock ended the discharge phase which started in mid-December.

 Barclays Daily Technical Analysis | 8 January 2018

The World Bank share is trading in a bearish direction and the main trend remains bullish on the hourly interval. The SMA and the Slow Moving Average are both negative crosses.
The rate of change 12 is trading in a bearish trend in the configuration and below the areas indicating the weakness of the buyers and the bear's control on the position.
It is expected that if the World Bank shares break the 198.49 level, it might target the 191.79 level on the other side if the breach of the 205 level might target the 208.58 level.
Support: 195.61 - 190.01 - 181.19
Resistance: 205.02 - 211.49 - 218
Trend: Down


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