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Barclays Daily Technical Analysis | 15 January 2018

2018-01-15 10:31 am | Resource: Technical Analysis Section | No Views : 320

Barclays broke the 201.43 area during Thursday's trading session on a 60-minute time frame as a result of the sellers' pressure on the bank's shares. During the last week's trading, the stock broke 195.61 zones and is currently trading below.

Barclays Daily Technical Analysis | 15 January 2018 

Currently the European stock is trading in a bearish trend in formation and the SMA is cross with the slow moving average and breaking 197 areas to confirm the negative cross.
Index 12 is trading in a bearish direction and is currently in a weak position.
It is expected that if the World Bank breaks the 193.39 level (previously advised to sell in the case of a break of 198 and we are now renewing the selling areas for those who want to sell again), it might target the 191.79 level, while in the case of a breach of 195.32 might target the 201.47 level.
Support: 190.01- 181.19- 175.86
Resistance: 195.61 - 205.02 - 211.49
Trend: Down

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