Similar to my last post BT has been having a horrible time and has been on a continuous slide since 2016, unfortunately for BT it seems as though they could be about to start another move down through the 213 level. Again similar to BA. we have a gap down which has been followed up by further weakness and then some consolidation at a level in this case support is...
If it closes below, it goes to the last protection fund at 8.95 approximately. If closing below 8.95 drops further, until approximately to 8.82 ... At the moment it is indicating closing above the first bottom at 9.06.
Okay, I was tired of everyone else having all the fun. So drew my own lines and arrows on a chart. Here's my first analysis. This interpretation was formed using my own set of highly technical and complex algorithms that I like to refer to as.. pure speculative imagination! It might be a little early to call this one, but it appears a second small bull flag might...
OANDA:GBPAUD RESISTANCE FORMED AT 1.6300 SECOND RESISTANCE FORMED AT 1.6444 TAKE PROFIT 100 PIPS STOP LOSS PER YOUR OWN RISK MANAGEMENT
After testing for 3rd time support this stock has broke up w/nice volume. MA (best Resistance/support zones) are being violated. Risk/Reward ratio is still great. I consider this a LREP. 25.8 is now our importance price-zone. I wouldnt be suprise if a rally happens but November 6th will decide on this.