{"id":1034,"date":"2019-06-26T22:59:09","date_gmt":"2019-06-26T21:59:09","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1034"},"modified":"2019-06-27T09:21:46","modified_gmt":"2019-06-27T08:21:46","slug":"barclays-for-27-06-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/06\/26\/barclays-for-27-06-2019\/","title":{"rendered":"Barclays for 27\/06\/2019"},"content":{"rendered":"\n

#SP500 #CAC40 <\/strong>\nSometimes we rabbit on about “horizontal trends” and \nnowhere is the feature quite as demonstrated as Barclays share price since 2011. \nWe’ve shown it with a Purple line on the chart, though perhaps it may be \nMagenta. Surprisingly, there was even military conflict regarding this, The \nBattle of Magenta between the French and the Austrians in 1859!<\/p>\n\n\n\n

Spoiling the story, the colour conflict had nothing to \ndo with the battle, especially as the dye was discovered in 1859 and named in \nhonour of the event. It is interesting to note the leader of French forces was \nactually of Irish descent, his family driven out of Ireland due to English \nproperty confiscations, opting to settle in France. Patrice de MacMahon (Paddy \nto his mates) eventually became President of France!<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

Aside from a whimsical wander through history, along with an ongoing in-house \ndebate regarding Purple or Magenta, we should really discuss what’s happening \n(or rather NOT happening) with Barclays share price. <\/p>\n\n\n\n

Last time we reviewed it, we waxed lyrical about the dangers of 148.823p, if \nthe share had the temerity to close below this level. Such a disaster has \nhappened 3 times in the last week, salt being rubbed on the wound by the price \nalso trading below 147p (apparently the final drop trigger) for a few hours. \nYet, the price has not plunged into the abyss of doom, instead appearing to find \nsome sort of excuse for a bounce.<\/p>\n\n\n\n

Alas, this is where the Purple (or Magenta) line comes into play, a \nhorizontal trend dating back 8 years and one we’d ignored, due to Barclays share \nprice habit of dipping below this 147p line, only to recovery sharply \nthereafter. Only in 2016 – following the Brexit vote (circled) – did the price \nconclusively dip below this line but once again, sharply recovered. It’s \nimportant to accept therefore this trend can be broken. The situation now, from \na Big Picture perspective, is of weakness below 146p now entering a cycle down \nto an initial 134p. Secondary, when broken, is a bottom, hopefully, of 114p.<\/p>\n\n\n\n

To a degree, it feels we are clutching at straws, perplexed Barclays has \navoided the opportunity to drive off a cliff. The answer to our confusion \ndoubtless lies with politics and political uncertainty as we await white smoke \ncoming from 10 Downing St chimney to tell us which bus driver has been anointed \nto actually steer the nation.<\/p>\n\n\n\n

Currently, Barclays share price requires above 162p to suggest it has \nactually bottomed, in doing so entering a region where a cycle to 175p should \ncommence. If bettered, a longer term 192p is now possible.<\/p>\n\n\n\n

If we adhere to our “normal” rules, we must accept 114p looks like the \neventual drop target.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n\n
\n\t

Time Issued<\/font><\/TD>

\n\t

Market<\/font><\/TD>

\n\t

Price At Issue<\/font><\/TD>

\n\t

Short Entry<\/font><\/TD>

\n\t

Fast Exit<\/font><\/TD>

\n\t

Slow Exit<\/font><\/TD>

\n\t

Stop<\/font><\/TD>

\n\t

Long Entry<\/font><\/TD>

\n\t

Fast Exit<\/font><\/TD>

\n\t

Slow Exit<\/font><\/TD>

\n\t

Stop<\/font><\/TD>

\n\t

Prior<\/font><\/TD> <\/TR>\nFUTURES<\/font><\/a>

\n\t

10:13:33PM<\/font><\/TD>

\n\t

BRENT<\/font><\/TD>

\n\t

65.52<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

10:15:00PM<\/font><\/TD>

\n\t

GOLD<\/font><\/TD>

\n\t

1409.66<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:16:56PM<\/font><\/TD>

\n\t

FTSE<\/font><\/TD>

\n\t

7399.76<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Shambles<\/font><\/TD> <\/TR>\n

\n\t

10:19:28PM<\/font><\/TD>

\n\t

FRANCE<\/font><\/TD>

\n\t

5495.5<\/font><\/TD>

\n\t

5492<\/font><\/TD>

\n\t

5464.5<\/font><\/TD>

\n\t

5425<\/font><\/TD>

\n\t

5533<\/font><\/TD>

\n\t

5533<\/font><\/TD>

\n\t

5544<\/font><\/TD>

\n\t

5561<\/font><\/TD>

\n\t

5500<\/font><\/TD>

\n\t

Shambles<\/font><\/TD> <\/TR>\n

\n\t

10:21:51PM<\/font><\/TD>

\n\t

GERMANY<\/font><\/TD>

\n\t

12239.42<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

\n\t

10:23:47PM<\/font><\/TD>

\n\t

US500<\/font><\/TD>

\n\t

2910<\/font><\/TD>

\n\t

2909<\/font><\/TD>

\n\t

2902.5<\/font><\/TD>

\n\t

2882<\/font><\/TD>

\n\t

2927<\/font><\/TD>

\n\t

2934<\/font><\/TD>

\n\t

2942<\/font><\/TD>

\n\t

2953<\/font><\/TD>

\n\t

2914<\/font><\/TD>

\n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:26:14PM<\/font><\/TD>

\n\t

DOW<\/font><\/TD>

\n\t

26522<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

\n\t

10:33:12PM<\/font><\/TD>

\n\t

NASDAQ<\/font><\/TD>

\n\t

7614.37<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:38:42PM<\/font><\/TD>

\n\t

JAPAN<\/font><\/TD>

\n\t

21094<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Sorry<\/font><\/TD> <\/TR>\n\n<\/TABLE>\n\n

\n\n<\/a><\/font><\/p>\n

 
 
 
 
26\/06\/2019 FTSE Closed at 7416 points. Change of -0.08%. Total value traded through LSE was: \u00a3 6,030,549,903 a change of 13.52%<\/h>\n","protected":false},"excerpt":{"rendered":"

#SP500 #CAC40 Sometimes we rabbit on about “horizontal trends” and nowhere is the feature quite as demonstrated as Barclays share price since 2011. We’ve shown it with a Purple line on the chart, though perhaps it may be Magenta. Surprisingly, there was even military conflict regarding this, The Battle of Magenta between the French and … <\/p>\n

Continue reading “Barclays for 27\/06\/2019”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1034","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/comments?post=1034"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1034\/revisions"}],"predecessor-version":[{"id":1035,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1034\/revisions\/1035"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1034"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}