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Published on 30 Jan 2017
Technical
analyst Zak Mir reckons the recent plunge in the BT Group (LON:BT.A)
represents a good entry point for investors to get their hands on the
shares.
“So far we’ve bounced off of the December support line around the £3 level. It’s got to be a bottom-fishing opportunity and hopefully all the bad news is [already] in the price,” Mir explains in the latest Proactive Investors Bulletin Board segment.
“RSI 22 out of 100, so extremely oversold as well. On a technical basis, you’d be nibbling into the shares at these prices.”
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