Barclays – things now look promising

Barclays shares (LSE:BARC) were recently not a good market, but things are now looking promising. There is a clear bullish signal in the market.

Price broke the upper Trendline to the upside more than a few times, only to return below it. This time around, price has broken above the upper Trendline again, and it may not return below it at the present.

This fact is also buttressed by the signal on the RSI period 14, which has gone above the level 60, pointing farther upwards. There is a clear bullish signal in the market.

BARC is supposed to reach the distribution territories at 180.00, 190.00 and 200.00 before the end of this year.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities 

  

Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha

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