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Barclays Share Price Outlook: Here’s Why It May Plunge Below 130p Again

Barclays share (LON: BARC) price is showing a minor loss despite an emergence of buyers below 139.8p. The shares of the British private lender have corrected 2.03% this week and there could be more downside after a failed attempt to reclaim the previous range lows.

On Thursday, the UK shares showed some recovery as the sellers showed exhaustion. The benchmark FTSE 100 index gained 19 points after sliding since the start of this week. This improved the market sentiment.

However, Barclays shares failed to didn’t show any significant gain or loss till press time as the shares changed hands at 140p on the London bourse. In addition, the shares seem to have gained acceptance below 142p which was the previous range low, as shown in the following chart.

As a result, Barclays share price forecast appears to have taken a bearish turn and the most likely scenario now appears to be another retest of the 132p to 128p demand zone.

Barclays share price chart