A confident trigger point for Barclays shares
This bank's share price has paused at a 15-year high. Independent analyst Alistair Strang examines his charts for indications that another leg of the rally is on its way.
23rd June 2025 07:54
by Alistair Strang from Trends and Targets
There’s been a lot of speculation over the weekend that US military action in Iran shall freak the markets, cause a crash, explode the price of oil, and force European leaders to choose a side.
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Barclays (LSE:BARC), presently trading around 324p, has developed a pretty confident trigger point for recovery at 334p. Essentially, closure above such a level will ensure we start confidently promoting the idea of movement to an initial 371p with our longer-term secondary, if bettered, at 394p.
This secondary is a big deal, dumping the price into a region where a big picture longer term of 508p shall be viewed as exerting an influence.
Alternately, if the speculation of an immediate market panic proves to have any foundation, below 310p could prove a little scary, allowing reversals to an initial 255p with secondary, if broken, at 242p and hopefully a solid rebound.
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.
Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.
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