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Sell Barclays bank Shares

Barclays Bank Weekly Review

Wave Analysis:

For almost a fortnight, the share price of Barclays bank surged upwards but is currently edging towards a key weekly resistance zone 11.95-11.78. As long as this zone protects the upper side, we expect this zone to mark the end of the impulsive wave (c), that any movements to the lower side will culminate in to a possible bearish rally towards 7.10 or even lower.  If this zone is broken, then we'll wait for a pullback to the just broken zone to re-buy the impulsive wave (c) towards 14.25 or even higher. At the moment, sell orders around 11.96-11.76 looks more ideal and can be recommended.

Trade Recommendations:

Sell this shares around 11.95 towards 7.10.

DeutscheBK weekly Review

Wave Analysis:

After a drastic drop in value, the shares of this Banking organization established a weekly support seen at 15.84. While this level protects the lower side,  long term traders are advised to look for low risk long positions  at 15.84 with  their targets at 20.63. If you're already long, then just remain in it, if not, wait for a slight pullback then pick this position upwards. According to the current chart set and structure, the shares of this company could continue to rally within a wide range, not going above 20.63 or below 15.84. If the price gets above 20.63, then I expect further rise towards 30.95.

Trade Recommendations:

Buy DeutscheBK shares at 15.84 towards 20.63.

Gold Weekly Review

 

Wave Analysis:

After almost one year of retreating upwards, gold finally hit a key monthly resistance level 1351.59. This is a potential sell location and as long this level is not violated to the upper side, this is a sell territory. Thus, we'll be looking for a low risk sell position with my take profit at 1054.75. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lower side and may break below 1054.79 towards 667.00 or even lower.  While we'll be looking to sell this commodity, also sell silver, these two have a strong positive correlation and will move in the same direction this week.

Trade Recommendations:

Remain short towards 1054.79

 

 

 

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Graham Osano
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