LSE:BSY – A Pivotal Moment

Interesting patterns forming on BSKYB and the next couple of days could confirm either a short-term bullish view, or longer-term bearish view.
SCENARIO #1 (Favoured)
– A close above 705 confirms the double bottom
– Projects minimum target around 755-762
– MACD produced buy signal and weekly and daily
SCENARIO #2
– A close beneath the neckline confirms the bigger, more bearish view (last pic)
– Projects target around 484
– This pattern becomes more favoured if the descending trendline AND 705 resistance holds

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