Wednesday, May 16, 2018

BT Group Shares Fail!

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

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