faces elevated risks — TradingView News
BT Group share price has remained under pressure, even as the FTSE 100 Index has jumped to a record high. It has dropped by 4% in the last six months, while the Footsie has jumped by 14%. This article explores what to expect this year.
BT Group share price technical analysis
The daily timeframe chart shows that the BT stock price has pulled back in the past few months. It has dropped from a high of 215p in August last year to the current 179p.
The stock has moved below the 50-day and 100-day Exponential Moving Averages (EMA). Dropping below these averages is a sign that bears have prevailed.
Most importantly, it has formed an ascending channel whose levels test the key support and resistance levels since November 25. This channel is…
