BARCLAYS LOOKS MIXED/BEARISH AMID BOE MEETING AND EARNINGS

Barclays is scheduled to report its Earnings before the market open on Thursday.  The trading price of Barclays stock at the time of writing was £191.28 and has fallen by 1.38% from the previous closing price. Overall it has been gaining strength since the last four trading sessions.

In related news, Barclays and many other financial institutions are testing a platform called LedgerConnect to access blockchain-based applications. The platform will offer applications and services provided by different vendors in areas such as customer compliance checks, sanctions screening and collateral management.

On the technical front, the RSI is currently at 50.98% and suggests that the market may head downwards. The %K has crossed the %D from below to the upside at 38.04% and suggests that market can continue trading sideways. The current market price is above the middle line and the lower band of the Bollinger bands. The price has touched the upper band of Bollinger and is heading downwards.

TRADE SUGGESTION- SELL AT 192.5 TAKE PROFIT AT 191  STOP LOSS AT 193.25

 

 

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