1st Mar 2021. 9.23am
UK EQUITY TRADE
|At market (125.8p)
|130p (4.2pts 3.3%)
SELL BT Group (BT.A)
BT break lower from mini-range
After spending two weeks trapped in a tight 5p range, BT’s share price finally tipped its hand on Friday, breaking and closing decisively lower.
This morning’s price action has seen the shares bounce with the market – taking prices back to the broken range and we expect this to provide resistance.
Enter short at market prices with a stop back above Friday’s highs. We’re looking for a retest of early-Feb lows at 120p.
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