Tall_Short

Possible upside for Lloyds bank.

Long
LSE:LLOY   LLOYDS BANKING GROUP PLC ORD 10P
I've been watching an trading LLOY for the past 2/3 years. I believe the fundamentals to be excellent. 5% dividend approx and an internal revenue of 10 (forecasted to be 8 in 2019). The bank is highly profitable even with in this low interest rate environment. With the PPI repayment deadline in August 2019, this will only improve Lloyds profitability. And if a rate hike was to occur, the same would happen for the profitability of LLOY .

From a technical point. There has been extremely strong support at 50p. With the current price at approx 65p, there is another resistance level approaching. With the PPI repayment deadline approaching there could be further upside for LLOY .

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