BT Group - Filled the gapBuy BT Group (BT.A.L)
BT Group plc is a communications services company. The Company is engaged in selling fixed-voice services, broadband, mobile and television products and services, as well as various communications services ranging from phone and broadband to managed networked information technology (IT) solutions and cyber security protection.
Market Cap: £18.96Billion
BT has broken out of a channel pattern on the daily chart. The shares recieved a boost following the Conservative win in the General Election and the shares gapped higher. We have now seen that gap get filled, which should attract fresh buying interest.
Stop: 181.6p
Target 1: 212p
Target 2: 230p
Target 3: 265p
BTGOF trade ideas
BT - Dialling upBuy BT Group (BT.A.L)
BT Group plc is a communications services company. The Company is engaged in selling fixed-voice services, broadband, mobile and television products and services, as well as various communications services ranging from phone and broadband to managed networked information technology (IT) solutions and cyber security protection.
Market Cap: £18.96Billion
BT has broken out of a channel pattern on the daily chart. The breakout move has retraced 50% of the impulsive move higher and retested the broken channel. The shares appear to be stabilising around 185p, while the Conservatives remain in the lead in the opinion polls then the shares could continue higher in relief of avoiding the threat of part nationalisation from a Labour Government.
Stop: 181.6p
Target 1: 212p
Target 2: 230p
Target 3: 265p
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BT shortSimilar to my last post BT has been having a horrible time and has been on a continuous slide since 2016, unfortunately for BT it seems as though they could be about to start another move down through the 213 level. Again similar to BA. we have a gap down which has been followed up by further weakness and then some consolidation at a level in this case support is 213. The last two trading days in BT have seen dojis with very little movement between their open and closes this is reflected by the 18.7% negative difference in the 10 day average volume vs the 3 month average indicating a period of calm while we decide where to go next. My entry stop will be at 212.99 on this set up with the stop loss at the high day previous to the break out candle when 213 goes. The next major support should be found at the round number for 210 where a third of the position will be trimmed as always leaving 2 thirds running to be decided after. Please let me know if you see this situation differently and message me with your views.
Joe
LSE:BT.A
possible short term tradeA possible descending triangle is reaching it's end (two black lines), I predict that soon the price will break out of the top of it and possibly overcome the resistance which it had been experiencing (dark red line) .
The strategy I would use is to wait a bit longer and to see if the price rises above of the lowest point in the triangle (lowest black line) and if it continues upwards from that then consider trading.
The reason I would wait to see if it would bounce is because that it won't necessarily rise, this is because it is currently the averages (below EMA and WMA), it is also in the red today and it's entirely possible that it will continue down on that path.
BT.A - Bullish count for this FTSE100 stockI put out a idea on this UK stock back in January, 2017 suggesting shorting it at 302 and since then it went a lot lower. Recently it has been showing some signs of life to the upside and I am now suggesting this as a possible bullish count. The major problem I have with this count is that b wave in the correction is very short indeed.