Shares of Barclays Plc tested support level at $14 on weekly charts in October. Breakdown was false, buy signals in the form of divergences with a $19 target formed. Stop-loss - $14
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Barclays and other world banks are currently battling a probe regarding their manipulation in the forex markets. Unlike other banks, Barclays has refused to settle and wishes to battle it out. This could have long term negative implications for Barclays. The loss of a license would be a painful disaster.
Technical:
Barclays has been stuck in a long established...
There are oportunities to be made with this triangle pattern. I will buy some stock right now until the stock hits $19.00 and sell it again. I expect the stock to break i don't trust Aroon as the stock is more close to it's 52wk high than low. Wait and see. I wil edit this one again in the future to see what was the response.
