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Jan 9, 2017 1:56 PM

Lloyds Bank – Bulls score another brownie point 

LLOYDS BANKING GROUP ORD GBP0.1LSE

Description

First it was the bullish price RSI divergence and now we have a confirmation of the breach of the falling trend line on the weekly chart. The weekly 50-MA is bottoming out as well.

The stock appears on track to test 70.00 levels. Bullish invalidation is seen only if the stock closes on Friday below the weekly 50-MA level of 61.53.
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