RE: Support20 Feb 2026 14:45
Considering the FTSE was up nearly another 1% today and over 20% within 12 months,yep I will absolutely stick with my overbought indicator. I mean it doesn’t mean it’s going to happen the next day but it is coming.
Although yesterday was ex divi a 1.5% bounce today WITH BUYBACKS and a booming FTSEisn’t that special from a 3.6% drop yesterday.
Again, for those who know TA is very useful on stocks like Barcs, she touched £4.80 again which was a huge support before results and now acting as a resistance and barcs bounced straight back off.
I’m not saying it cannot breach £4.80, but I think it’s a big ask with results done, geopolitical risks high, and economy slowing.
If Barcs closes sub £4.70 I think we will see new lower lows.
P.s I would rather use charts than depend on the buy recs of the same people who created the 2008 financial crash.