Trade Insights

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As part of the premium service you will receive daily insights on the shares you trade from your Premium Client Manager.

 

 

Trade insight example

Barclays Africa Group Ltd

13 January 2015 

We recently highlighted a similar pattern on Discovery – a triangle (continuation) pattern of an upward trend on the Barclays daily chart. The breakout of the triangle occurred last week; however the price pulled back into the consolidation range yesterday. If we see a break below the rising trend line A, we would say the continuation pattern has failed. 

Unless this situation occurs, the breakout remains relevant with the initial target of 18675c. One could wait for a possible pullback to the rising trend line as a possible level of entry for a long trade. Overall bias remains to the long side with the share in an upward trend and trading well above its 200 day moving average. - Travis Robson, Premium Client Manager

Barclays Africa Group Ltd, 13/01/2015

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