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Barclays Daily Technical Analysis | 22 January 2018

2018-01-22 07:26 am | Resource: Technical Analysis Section | No Views : 296

Last week's trading, Barclays broke the secondary downtrend line on the hourly interval as buyers bought and paid for the stock. 
Now our neutral view of the English stock is due to the lack of confirmation of the breach of the bearish trend line, trading, and the moving average is positively cross with the slow moving average but without confirmation so far.

Barclays Daily Technical Analysis | 22 January 2018

It should be noted that, during the last week, the stock broke the neckline of the model of a cup and a classic tab.
The rate of change 12 is still trading in a bullish uptrend while the secondary direction is still bearish.
It is expected that if the World Bank shares break out at 201.27, it might target the 204.08 level on the other side if the break of 197.58 might target the 193.35 level.
Support: 195.61 - 190.01 - 181.19
Resistance: 205.02 - 211.49 - 218.77
Trend: neutral

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