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...
A possible descending triangle is reaching it's end (two black lines), I predict that soon the price will break out of the top of it and possibly overcome the resistance which it had been experiencing (dark red line) .
The strategy I would use is to wait a bit longer and to see if the price rises above of the lowest point in the triangle (lowest black line) and if...
Looks like the BT share price is encountering resistance at the 239 line currently, so we could see a bearish reversal soon, and the price could head back down towards the 217 support line.
Like this idea if you agree with my analysis.
A retest of support of supporrt at 245p but the 20 & 50ma are curving up and the 125ma is flattening out. It will be a bullish signal if the SP closes above the 125ma. At this level they pay a dividend of around 6% and their final are out on May 10th.
This morning's news about Openreach has dropped BT shares to a 3-year low. Note however that both in USD (red line) and GBP (candles) they are very close to the 61.8% and 50% fib points here. I expect a drop to touch the fib points, and then a rally.