Will Barclays break support, or will it rise again back to 160.7p ?

• Barclays has support since early December,
• Bounced 5 times from 152p zone, most  recently today
• Currently trading 154p (at time of writing)
• Will the pattern repeat itself, bouncing up again towards 160.7p?
• Shares -30.6% from 2018 highs; +1.1% from 2018 lows; -24.2% year-to date
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Barclays – An Example

Let’s say you like the Barclays chart, you think it’s heading back towards 160.7p again. You decide to buy exposure to £10,000 worth of Barclays using a CFD, at the current price of 154p. To do this, you need £2,000.

Let’s assume Barclays recovers back to 160.7p (+4.4%). Your profit would be £435, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss 3% below the current price. Barclays falls 3% and hits your stop-loss. Your loss would be £300.

This is provided for information purposes only. It should not be taken as a recommendation.