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Barclays Daily Technical Analysis | 17 January 2018

2018-01-17 09:19 am | Resource: Technical Analysis Section | No Views : 342

Barclays rebounded from 195.61 during yesterday's trading and the stock continued to rise until 199.95 and the stock started to correct slightly until 197.86.

 Barclays Daily Technical Analysis | 17 January 2018

Currently the European stock is trading in a major bullish direction while it is trading in a minor downside direction. The SMA and the Slow Moving Average are positively cross and this breach was confirmed by breaking the 199.05 area.
The rate of change 12 is trading in a bullish trend as it breached the bearish trend line during yesterday's trading.
It is expected that, if the World Bank shares break the 199.95 level, it might target the level of 203.93 on the other hand if the break of 197.78 might target the 191.79 level.
Support: 195.61 - 190.01 - 181.19
Resistance: 205.02 - 211.49 - 218.77
Trend: Down


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