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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