BT Group shares face another GBX 200 test before CMA decision

Traders Union
All News
Stocks
BT retests GBX 200 ahead of the CMA decision

All news

Top Stories

Editors' Picks

Stocks

Crypto

Economics

Currencies

Commodities

Business & Wealth

Market Voices

Mykhailo Ihnatenko

2 hours ago

BT Group shares face another GBX 200 test before CMA decision — BT returns to GBX 200–203 as the CMA decision approaches

After rebounding from support, BT Group has once again moved back towards the zone that has repeatedly stopped buyers. This time, the technical test comes as regulatory scrutiny intensifies around the company’s biggest deal in recent months.

BT-A price prediction

24H 0.27%

GBX 194.97

48H 0.32%

GBX 195.07

7D 0.31%

GBX 195.05

1M -2.56%

GBX 189.47

3M -9.99%

GBX 175.02

6M 7.5%

GBX 209.04

12M 4.35%

GBX 202.91

Detailed

Current price: GBX 194.45 1.70 0.88%

Real-time Data 16:29

Daily range 192.75

194.80

Weekly range 190.64

200.10

The government of the United Kingdom has officially made it clear that it is intervening in the acquisition of TalkTalk and PlatformX by BT based on public interest concerns. The reason for intervention was the potential for disruption of vital telecommunications services in case of a failure at TalkTalk. The CMA must deliver its report by 19 October, after which the government will make its decision on further action.

BT now has the opportunity to get hold of 2.5 million TalkTalk users, but the deal has raised questions regarding competition issues. According to the Financial Times, some industry players believe that the deal poses a challenge to Ofcom’s ongoing policy of promoting alternative networks and minimizing reliance on Openreach.

BT Group returns to the GBX 200–203 resistance cluster

BT Group tested the previously identified support at GBX 191 before buyers pushed the price back towards the key GBX 200–203 resistance zone.

The area remains especially important because horizontal resistance converges there with both the 50-day and 200-day SMAs.

A break above GBX 203 followed by a sustained hold would strengthen the short-term structure and could accelerate a move towards the next target near GBX 210.

If the shares fail once again to clear the GBX 200–203 range, however, the risk of a return to GBX 191 would rise considerably. Losing that support would expose the stock to a deeper correction towards GBX 187–182.

Regulatory clarity could become the next catalyst

The next significant external event for BT has already been scheduled: the CMA will make its decision on the TalkTalk deal by 19 October. In the meantime, regulatory uncertainty may hamper a stronger valuation of the stock.

If the process moves forward without severe restrictions, investors may shift their attention back towards the strategic value of the acquisition. For now, though, the GBX 200–203 area remains a natural technical barrier against a backdrop of elevated event risk.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.