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Thursday, March 9, 2017

Annual Trading Forecast for Barclays (2017)

Barclays stock (LSE:BARC) is not currently attractive, as price has been consolidating since December 2016. Prior to that month, the market was in an uptrend.


Price is almost neither below nor above the EMA 21, and the Williams’ % Range period 20 is also neither in the overbought nor in the oversold territory. Then where would price go this year.

Barclays in neutral in the short-term, but bullish in the long-term. The more the consolidation persists, the more important the base is, and when there is a breakout, it is most likely to be in favor of the bulls.

Barclays is expected to go upwards by significantly this year, breaking the distribution territories at 250.00, 500.00 and 750.00.


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Super Trading Strategies: Super Strategies 
  

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