Short This in the 1st hour on monday -This is not a financial Advice
LYG share prices have the potential to proceed to the upside if it holds above 2.50. Price targets are estimated at 2.60 and 2.65.
Bottoming area of chart. Company have been buying and cancelling the listing of nearly 20k shares per day during August - all sub 50p.. Solid buy and hold IMO plus pays a dividend.
If this lovely bank breaks the base of this triangle, the protection is almost bankruptcy. Another Deutsche Bank in the UK plenty of toxic derivatives??...
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...
So right now there could be two possible counts. Either the five waves are over, or we are witnessing the wave four and should aim for another wave up. I am more inclined towards being on the forth wave up. simply because there isn't a diversion visible on RSI as of yet.
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE. FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
Considering the Wave structure, and the Strong resistance I think this setup is a reasonable one. Although I have to admit I am not very sure about (comfortable with) complex xyz structures
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.
I am seeing this as a double bottom reversal. Green box is my buy, and red line is stop loss. This is definietly a little more risky than usual. I will keep my stop loss tight if it decides to move upwards, as it will have to break the pink triangle, and there is also all the brexit rubbish going on. In all honesty I could have found a better trade, but meh, let's...
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE. FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
I found this chart kind of fascinating as to how many times it has respected Elliott wave theory. Doesn't mean it's going to do what this bullish count says but interesting to me all the same. Tiny bit of divergence on the RSI too. If you take a look at the longer term chart you can see that since almost going bust in 2009 the share has been in a massive basing...
Buy Between 2.85-3.15 Target Level 3.50-3.60 Stop Loss 2.75
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE. FIB Retracement Percentage is calculated in a Higher Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
It has formed a year long triangle, although there's no real trend to reinforce the next direction. Wait and see. Interims on 1st August will be useful.