Medium term view - Barratt Developments : Prices are breaking below the moving average, it is a sign of weakness.
The support has been broken, the trend becomes negative as we now have a succession of descending peaks and troughs.The next target is at 429.90 p. The invalidation level is above 670.80 p.Arguments :
- The major support has been breached.
- Prices are breaking below the moving average, it is a sign of weakness.
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