BT shares in a cycle of recovery?
Despite having a bad month, it has been a good 2026 for BT shareholders so far. Independent analyst Alistair Strang explains what his charts say could happen next.
16th June 2026 07:42
by Alistair Strang from Trends and Targets
It’s a shame how some of the great British institutions have managed to eradicate themselves from daily life. A home phone number was felt to be essential, but is no longer a fixed point in the house and most certainly not provided by BT Group (LSE:BT.A).
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However, BT’s share price did something a little odd on 9 June, dipping below the Red uptrend since 2024 during the session. As the chart extracts show, this was an intraday movement, the market ensuring the share price closed above the trend and creating a scenario where some fairly near-term gains looks possible.
If our suspicion is correct, movement now above 210p should trigger gains to an initial 221p with our longer-term secondary, if beaten, at an extremely important 249p. Due to this producing yet another “higher high”, we are forced to admit a long-term attraction from 286p exists.
If things intend to go wrong, the price needs to dial itself below 195p as this would doubtless provoke reversal to an initial 178p with our secondary, if broken, calculating at 156p. Visually, this scenario looks improbable.
We suspect BT shall prove worth watching as it’s doing the work for a cycle of recovery.
Lee Wild, Head of Editorial at ii, owns BT shares.
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
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