For the moment I only have a resistance line breakout and this idea need to wait for a pullback around the 3.80 area, apart of that this is a low volatility stock the last movement was 0.60 from the beginning of December to today but is appropriate to wait. The other aspect here is what are the intentions of the investor, buy and hold or do quick swing trade....
Lloyds has broken out of trendline resistance and as US 10 YR yields recover and regulation moves out I think it will continue. I have put in the major levels on the upside to look out for but dont take them for gospel. They may provide some stickiness but ultimately financials are on the way up as QE reduces all over the world.
The UK banks never really recovered after the 2008 financial crisis but this count could be positive for this UK bank. Thanks for TipTVfinance for the heads up.
Looking to go long on LYG. For educational purposes only!
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.
Validated confluences 1.Support broken Resistance validated 2.Weekly trend line validated (major validation) 3.Opposing level breached by short sellers (major validation) 4.Profit margin 1:2 Could see price Potentially move down to £59.90* resistance seen @ £61.80 need to break £61.80 without any major retracements
LLOYDS BANKING GROUP PLC LLOY Buy Above 65.9 for new high
This was a nice retracement to come back into lloyds shares. The BoE are talking about reducing their balance sheet and we have FOMC ready to normalise after CPI gets closer to the target range. If the FOMC sounds remotely hawkish then longer term I think we can test the highs, just look for a reaction at 69.40. This is a stable UK bank and at these prices it...
I see the price of this stock rising, after a break of this trendline and pullback to the support level
Look for entry at $3.60-$3.65 if price level holds. Trade up to the top of the channel, which is ~$4.10.
I can see that the share will drop to that trend line and re-test (as it did before). We might Buy when the re-test occur.
Will this go down to the 62p ish level then bounch up from there?
looking for a long term test of 75p, wait for the retracement first.
Very simple buy trade in the direction of a current stable uptrend, our target is the prior highs.
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.