Lloyds down move just looks like a retracement Long

LLOYDS BANKING GROUP ORD GBP0.1LSE

Description

⋅ Sep 2, 2017 10:24 AM

I believe the uptrend is not over, the move lower has not been met with high volume. Once with wears thin I believe the move up will continue.

⋅ Sep 27, 2017 8:32 AM

Another good call here the move traded through the chart pattern to the upside and will continue as the US set to continue normalisaton plans

Comments

dec.hynam

⋅ Sep 11, 2017 8:44 PM

Hi, isn't it technically correct to see lower and lower volume on a correction?

Thanks

RajDhall

⋅ Sep 12, 2017 6:50 AM

@dec.hynam, 100% correct but when rejection time comes at the level you are looking for, you want high volume at the rejection point

dec.hynam

⋅ Sep 12, 2017 7:27 PM

@RajDhall, Hi, yes, I get exactly what you mean. Great educational charts and great picks. Thank you RajDhall