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The short term market consensus for Barclays Plc(BCS) have change to Bullish  


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29/12/2019 5:37 am  

The short term market consensus for Barclays Plc(BCS) have change to Bullish

Barclays Plc operates as a bank holding company that engages in the business of providing retail banking, credit cards, corporate and investment banking and wealth management services. The company operates through two divisions: Barclays UK and Barclays International. The Barclays UK division comprises the U.K. retail banking operations, U.K. consumer credit card business, U.K. wealth management business and corporate banking for smaller businesses. The Barclays International division comprises the corporate banking franchise, the investment bank, the U.S. and international cards business and international wealth management. Barclays was founded on July 20, 1896 and is headquartered in London, the United Kingdom.

Our Proprietary Trading System indicates the following:

The Long Term Trend (LTT) given by the Global Monthly TIME BAR (GMTB) is currently Bullish
The Medium Term Trend (MTT), given by the Global Weekly TIME BAR (GWTB) is currently Bullish
The Short Term Trend (STT), given by the Global Daily TIME BAR (GDTB) is currently Bullish
The Micro Trend (MT), given by the Global Four Hour TIME BAR (GFHTB) is currently Bullish

In light of the above trend analysis we will execute a bullish trade on Barclays Plc(BCS)

Trade #1:Executed from GATS#4

Global Entry Signal For Trade #1: Buy @ £1.8085
Global Trailing Stop Loss Trade #1: @ £1.6597
Global Target Profit Trade #1 : @ £3.2965

Trade #2: Executed from GATS#5

This trade is activated when Trade #1 from GATS#4 reaches a Secured Unrealized Profit (SUP) of 8DATR ((Break Even Point (BEP) + 4DATR)).

That is when the trade has realized 8DATR in our favor

Global Trade Management Strategy: We applied the Global Trailing Stop System for Global Trading Strategy #4.

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The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security.
To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice.
To the extent that it includes references to specific securities, commodities , currencies, or other instruments, those references do not constitute a recommendation by Global Financial Engineering,Inc. to buy, sell or hold such investments.
This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers.
Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.