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...
I have been watching and trading lloyds for the past 2/3 years. The fundamentals are great. Its internal rate of return is excellent, especially considering it pays out a strong dividend (Approx 5%). It also has a P/E ratio of around 8. So fundamentally I believe it to be a sound investment. However, this is not advice.
LLOY has broken through 2 strong support...
LLOYDS BANKING GROUP has developed a strong uptrend. This uptrend is likely to continue.
It is a well-capitalised company and has positive analyst ratings.
Recently it has broken the long-term downtrend.
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.