Saxo Group Videos

Neighbour: Short call on BT

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

Full disclaimer

00:53 minutes
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