MarkFraser

LLOYDS BANKING GROUP PLC ORD 10P STOCK

Long
LSE:LLOY   LLOYDS BANKING GROUP PLC ORD 10P
So this is the current situation for LLOYDS. There is huge downwards momentum at the moment and both SMA's and Elliot wave impulse (1-5) suggest this. However, the stock will look to retest the area then drop. Looking for around 120 pips bullish movement before hitting my TP.