Investamate

BT - Dialling up

Long
LSE:BT.A   BT GROUP PLC ORD 5P
Buy BT Group ( BT .A.L)

BT Group plc is a communications services company. The Company is engaged in selling fixed-voice services, broadband, mobile and television products and services, as well as various communications services ranging from phone and broadband to managed networked information technology (IT) solutions and cyber security protection.

Market Cap: £18.96Billion

BT has broken out of a channel pattern on the daily chart . The breakout move has retraced 50% of the impulsive move higher and retested the broken channel. The shares appear to be stabilising around 185p, while the Conservatives remain in the lead in the opinion polls then the shares could continue higher in relief of avoiding the threat of part nationalisation from a Labour Government.

Stop: 181.6p
Target 1: 212p
Target 2: 230p
Target 3: 265p


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Comments

BT will be trading at £10 a share if Labour get in power and actually provide free internet to the masses.
Reply
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