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Barclays Daily Technical Analysis | 7 February 2018

2018-02-07 08:38 am | Resource: Technical Analysis Section | No Views : 330

Our neutral view of Barclays trading prices was due to trading in a narrow range between 191.91 and 186.91 zones on the hourly interval, and yesterday's stock failed to break the 190.01 area and could not stabilize further.

Barclays Daily Technical Analysis | 7 February 2018

The SMA is crossed negatively with the slow moving average and is still bearish.
The rate of change 12 is trading in a bearish direction as it is, breaking the ascending trend line with the beginning of trading this week.
It is expected that if the World Bank share breaks 186.89, it may target the 181.19 level while in the case of a breach, the 191.88 level might target 198.88.
Support: 190.01 - 181.19 - 175.86
Resistance: 193.42 - 205.02 - 211.49
Trend: Down

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