Barclays bank Weekly Reviews
Wave Analysis
Since October 2016, Barclays bank shares has been rallying within the rising, but contracting wedge formation. Few week’s ago, these shares lost value considerable but is currently bouncing off from the supportive trendline. As long as the price is contained above this trend line, expect a possible momentum to the upperside. The anticipated bullish price rally is the unfolding of an impulsive five wave cycle and may break above the upper trendline but should not go beyond 13.65.
Trade Recommendations.
Look for a buy now
Gold weekly Review
Wave Analysis
During the previous week ending 20th July, Gold markets lost value considerably and even went below the supportive trend line. This was a significant move and as long as the price is contained below this trend line, we expect a possible momentum to the lower side with an ultimate target at 1067.75. The anticipated bearish price rally is the continuation of an impulsive five wave cycle but should not go beyond 1067.75. We will only consider a long position should the price break above 1348.85.
Trade Recommendation:
we’re short towards 1067.75.
CocaCola Weekly Review
Wave Analysis
Since January this year, cocacola shares has not been able to rise a bove the 4 hour resistance level 44.96. This level is also a daily and weekly level and as long as it protects the upperside, we expect a possible momentum to the lowerside. The anticipated bearish price rally is the unfolding of the impulsive wave (c) to the lowerside and should break below 41.50 but should not go beyond 40.15. This view can only be invalidated in case the price breaks above 44.96, even then we’ll wait for a confirmatioon that the price will continue upwards.
Trade Recommendations:
Sell Cocacola shares around 44.96 towards 41.50
101% Double the volume
