SaxoTV

Neighbour: Short call on BT

208 views
October 08, 2015 bt, bt bskyb, bt fixed line services, bt football, bt footy, bt group, bt group shares, bt profit, bt results, eq, equities, equities 2014, equities prices, equities saxo, equities strength, equities trading, equity, equity bubble, equity decline, equity index, equity market, equity market 2014, equity markets, equity platform, equity portfolio, equity portfolios, equity research, equity rise, equity risk premium, equity strategy, equity trading, equity us, eurozone, ftse, ftse 100, ftse 100 index, ftse index, ftse index 100, ftse investing, ftse trading, ftse100, joe neighbour, rates, saxo tv, share price, shares, shares 2014, shares down, shares prices, shares up, shrinking, shsto, social trading, stock, stock market, stock trading, stocks, stocks markets, strong usd, tech, tech companies, tech company, tech firm, tech firms, tech sector, tech stocks, technical analysis, technology, technology industry, telecom, telecommunications, telecoms, television, traders, traders tale, traders tale saxo tv, tradingfloor.com
London based equity trader Joe Neighbour believes the current rally in shares is unsustainable and has spotted BT Group as a potential casualty   

"BT came up on my stock scan as they closed yesterday session with a bearish engulfing candle on the daily chart. This came in line with a key resistance level." and Joe adds that "There is a top pattern in place and the shares are underperforming on a relative basis." 
Sell at market

Stop: GBP 4.45
Targets: GBP 4.05 & 3.90