Barclays Share Discussion Threads

[portside1] 23/3/2015 10:48

smurfy no just said close to deal and could be done in days
my views are barcs attempting to clear the decks for the agm in 4 weeks itcould be a ugly agm by all accounts

[smurfy2001] 23/3/2015 10:37

port, did they give any rough figures?

[diku] 23/3/2015 08:01

Pram....do you have to be so direct?....

[portside1] 23/3/2015 07:34

smurfy the ft last week said barc close to settling with the usa

[smurfy2001] 22/3/2015 17:11

What deal port?

[portside1] 22/3/2015 17:10

ft said on monday barc close to doing a deal

[portside1] 22/3/2015 17:09

seccol if have no news you zip it
or are you a paid poster

[portside1] 22/3/2015 15:05

is barcs about to settle issues on fines before the agm
holders pay the cost o the liars and crooks at the bank

[johnwise] 22/3/2015 15:04

Barclays’s Brazil Rate Call Overrun Within Hours by Volatility

[mani2013] 21/3/2015 13:31

Hi Smurf,

I have completed my analysis on the RBS charts.

The price is obviously quite weak at the moment (for whatever reason). There is a strong downtrend in place on the Daily Chart. I know you are already in but if you are looking for a price rise it would be best to wait until an uptrend is in place on the 1D chart or at least the momentum of the downtrend has dissipated.

The 60M chart has shown the downward pressure dissipating, but the worrying part is that the price broke key support at 357-358 on the daily chart & weekly last week. It then went on to pullback and test the support-turned-resistance of 357-358. The pullback was obviously aided by the FTSE highs and DOW retest, but the price closed below the resistance which is going to make the stock difficult to recover and very vulnerable to any downward pressure of the indices. There is a higher probability of the price moving down in the medium term, making the stock 'bearish'. I would personally wait for it to hit some support before considering a long position. To get in on the move, I would short it at 358-359, with a stop loss at 368 or thereabouts with a target price of 328 (3:1 profit to loss ratio)

The next good support is at 327-333, and then minor support at 308, followed by major support at 291-295. Look for signs of the price turning around at these levels.

If the price does manage to get over the 357-358 resistance, then it will hit further resistance up 365, limiting it's upward potential.

Since you are already in it (don't know what your entry price is), you may want to capitulate quickly on any short term gains with a trailing stop. The price will almost certainly go back down to test the 345.5 low and probably even break it.

The price took nearly a year to get from the low of 292 to the high of 414 in an uptrend. But in comparison, it took just a few 4 weeks to lose over 50% of that gain (not sure if you use Fibs). The momentum of the downward move is quite strong and markets take a while to recover from the 'shock' of such falls.

It is always difficult to 'predict' price moves over a long period of time, as the chances of exogenous events affecting the price move increases with time. Given the above bearish analysis (and all things being equal), I can honestly say I don't know if the price will reach 420 in 3 months, but the probability of that happening is quite small at the moment, unless there is some really positive news (e.g the UK government reselling their stake or a div payment) over the next few weeks.

Hope the above helps. Even though I try to be as objective as possible, I don't usually like to 'talk up' or 'talk down' the positions of others. They may have their own reasons for taking a trade and their holding period may be different to mine. My input on their position can impair their judgement and perhaps cause them to change their stance, only for the price to then move in their original direction and prove them right all along.

I know you are quite a keen and experienced TA trader/investor. As always, please consider your own research before considering mine.

[smurfy2001] 20/3/2015 17:26

Cheers Mani.

I'm in (real and CFD's) and looking at a 3 month period with a target of around 420p.

[mani2013] 20/3/2015 17:07

Hi Smurf,

Thanks for the message. I used to monitor RBS, but stopped earlier this year as I was too concentrated on the Banks and had to diversify. I still collect the data for it so will do a quick TA analysis and get back to you.

Are you already in a position or looking to get one ? What's your holding period ? (intraday, position trade or investor ?)

[smurfy2001] 20/3/2015 16:57

Mani2013, any thoughts on RBS? Here's my analysis

[portside1] 20/3/2015 15:47

another dead week for barc but the directors are laughing they have their bonuses

[smurfy2001] 20/3/2015 15:46

Yeah so great this dog is still not at new highs!

[druid2] 20/3/2015 15:36

FTSE over 7000 - Great!!

[smurfy2001] 20/3/2015 09:00

Old article.

[johnwise] 20/3/2015 08:38

HOW THE WEST IS COMMITTING FINANCIAL SUICIDE