Short term view - Barratt Developments : The major support has been breached.
The previous low has been broken, the bearish trend is confirmed. The next target is at 548.11 p. The invalidation level is above 671.00 p.Arguments :
- The major support has been breached.
- Prices are breaking below the moving average, it is a sign of weakness.
Barratt Developments is a holding company. Co.'s principal activities comprise acquiring and developing land, planning, designing and constructing residential property developments and selling the homes it builds throughout Britain. These main activities are supported by Co.'s commercial development, urban regeneration, procurement, design and land capabilities. Co. operates in two segments: housebuilding and commercial developments. Co. has three housebuilding brands: Barratt Homes, David Wilson Homes and Barratt London. Commercial developments are delivered by Co.'s Wilson Bowden Developments division.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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