Barclays Share Discussion Threads

[portside1] 30/6/2019 00:07

No I do not spare my words ,Boris or Farage cons must decide

[diku] 28/6/2019 14:43

They will all want to do a deal eventually to keep casino markets at highs to keep their credibility intact and no back lash...

[johnwise] 28/6/2019 13:28

Personally speaking whatever causes the EU the most amount of pain possible culminating in complete collapse is more than OK with me. Time to end this mafia once and for all.


Trump ready to beat Brussels to strike 'phenomenal' post-Brexit deal with UK

AMERICA is ready to trump the European Union’s efforts to secure a post-Brexit trade deal with Britain if the nation quits the bloc without an agreement.

[alphorn] 28/6/2019 10:53

It does not seem to have harmed Ken. ;)

[buywell3] 28/6/2019 09:22

China is also starting to build new coal fired power stations that previously had been moth balled

China is responsible for 30% of all emissions

[diku] 28/6/2019 09:21

ken...bet you got used to eating with chop sticks...

[portside1] 28/6/2019 09:12

Never eat their food they are filthy people never wash only when they get filthy and smell

[buywell3] 28/6/2019 08:22

FTSE looks like it is the process of rolling over once more

[johnwise] 28/6/2019 08:20

China Defies US Sanctions, Receives Iranian Oil Shipment - Reports

[johnwise] 28/6/2019 08:16

Barclays' Bob Peck: "American tech stocks are a better bet than Chinese tech"...

[cheshire pete] 27/6/2019 22:56

Well said portside1....from one of the 17.4 million she has let down.

[portside1] 27/6/2019 22:51

Hades . May said over 100times Brexit must be delivered She lied. Her statement in the papers today Makes her a liar Read it online

[portside1] 27/6/2019 22:49

Ken she as spoken again today I will do everything to stop a no deal. She is a liar never was she going to get us out ,She as lied for 3 years Ken it's in all the papers on the internet read you have plenty of time

[bernie37] 27/6/2019 19:05

Barclays shares must do this to begin a proper recovery
by Alistair Strang from Trends and Targets | 27th June 2019 08:53
Still nursing wounds a decade after the Financial Crisis, here's what our chartist thinks of Barclays.

Barclays PLC (LSE:BARC)

Sometimes we rabbit on about "horizontal trends" and nowhere is the feature quite as demonstrated as Barclays (LSE:BARC) share price since 2011. We've shown it with a purple line on the chart, though perhaps it may be Magenta.

Spoiling the story, the colour conflict had nothing to do with The Battle of Magenta, especially as the dye was discovered in 1859 and named in honour of the event. It is interesting to note the leader of French forces was actually of Irish descent, his family driven out of Ireland due to English property confiscations, opting to settle in France. Patrice de MacMahon (Paddy to his mates) eventually became President of France!

Aside from a whimsical wander through history, along with an ongoing in-house debate regarding Purple or Magenta, we should really discuss what's happening (or rather not happening) with Barclays share price.

Last time we reviewed it, we waxed lyrical about the dangers of 148.823p, if the share had the temerity to close below this level.

Such a disaster has happened three times in the last week, salt being rubbed on the wound by the price also trading below 147p (apparently the final drop trigger) for a few hours.

Yet, the price has not plunged into the abyss of doom, instead appearing to find some sort of excuse for a bounce.

Alas, this is where the purple (or magenta) line comes into play, a horizontal trend dating back eight years and one we'd ignored, due to Barclays share price habit of dipping below this 147p line, only to recovery sharply thereafter.

Only in 2016 - following the Brexit vote (circled) - did the price conclusively dip below this line but once again, sharply recovered. It's important to accept therefore this trend can be broken.

The situation now, from a big picture perspective, is of weakness below 146p now entering a cycle down to an initial 134p. Secondary, when broken, is a bottom, hopefully, of 114p.

To a degree, it feels we are clutching at straws, perplexed Barclays has avoided the opportunity to drive off a cliff. The answer to our confusion doubtless lies with politics and political uncertainty as we await white smoke coming from 10 Downing St chimney to tell us which bus driver has been anointed to actually steer the nation.

Currently, Barclays share price requires above 162p to suggest it has actually bottomed, in doing so entering a region where a cycle to 175p should commence. If bettered, a longer term 192p is now possible.

If we adhere to our "normal" rules, we must accept 114p looks like the eventual drop target.