- Summary:
- The stock opened at 147.90 GBX and faced immediate selling pressure, dropping to a low of 144.50 GBX before slightly recovering.
BT Group (LSE: BT.A) is trading at 145.60 GBX, down 1.56% from the previous session. The stock opened at 147.90 GBX and faced immediate selling pressure, dropping to a low of 144.50 GBX before slightly recovering. The price action today indicates potential volatility, with BT currently struggling to hold key levels.
BT Group Key Support and Resistance Levels
Resistance: BT Group is facing immediate resistance at 146.05 GBX. A break above this level could push the stock towards the 152 GBX mark, which was tested last week but failed to hold.
Support: On the downside, 134.40 GBX serves as a critical support level. Should the price continue to decline, 127.10 GBX would be the next area to watch closely, especially if broader market conditions weaken.
Conclusion
BT Group’s share price remains in a consolidation phase, with 146.05 GBX as a key level for potential bullish momentum. A breakout beyond this level may lead to more profits, while a lack of breakout could result in the stock dropping towards 134.40 GBX. It is important for traders to watch market conditions and track these levels for possible breakouts or breakdowns in the upcoming days.