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AFCapital21
Mar 24, 2024 10:12 PM

LLOY, Gap Upward after cross a resistance Long

LLOYDS BANKING GROUP ORD GBP0.1LSE

Description

After a formation of a double bottom, we can see the price crossing the two resistance levels.

Making a Gap on Thurdays Open.

DMI is showing some bullish strength, RSI is at an extreme of overbought. Volume is increasing right now, after decreasing on Thursdays.

WIth these factors, the price it will probably try to close the gap or even test the new support level.
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