BT Group
shares (LSE:BT.A) has already failed to sustained its recent bullish effort.
The market, which was bearish from January 2018 to March 2018, made desperate
bullish effort in April, only to give way to bearish pulls.
ADX period
14 is above the level 30, showing a strong momentum. DM- is above DM+, meaning
that bears are reigning at the moment.
The MACD
default parameters, has its histogram and signal lines far above the zero line.
There is a Bearish Confirmation Pattern in the market.
Since BT
Group price has failed to continue its recent bullish effort (as evident in the
current bearish signal), the market is expected to go further and further
downwards, reaching the support levels at 200.00, 150.00, and eventually,
100.00.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Trading realities: Trading realities
No comments:
Post a Comment