Ive always been interested in how Lloyds seems to trade in 25p blocks between 25, 50 and 75 pence. We presently see price running into the 50pence level which has been a strong level in the past.
So for me we need price to get above 50p and hold above it before I'm convinced that it has further energy to move towards 75p.
In volatile markets, traders can benefit from large jumps in asset prices, if they can be turned into opportunities. Gaps are areas on a chart where the price of a stock (or another financial instrument) moves sharply up or down, with little or no trading in between. As a result, the asset's chart shows a gap in the normal price pattern. The enterprising trader...
So my decision zone was the blue zone which is the monthly kijun and weekly ssb, a very strong resistance. Price seems to have been repelled before that zone with relatively good volume so its a case of almost does count.
TP1: 38.05 (R: 2.21)
TP2: 35.52 (R: 3.01)
Looking at Lloyds even at these prices as a good dividend stock. something to potentially have instead on a low yield BTL.
Lloyds have a net asset value of 52p per share, so current trading conditions mean its cheaper rn to buy compared to 5 years prior to virus.
imo with everyone taking out loans they need to repay for businesses, mortgages with the booming...
LLOY is recovering nicely from last year's mauling but 40-43 was always going to be a tough area, as proved in November. 40.79 was the high/failure back then but we are now above here and making bullish noises, getting back to levels last seen in March of last year. Resistance above is pretty sparse due to how quickly it dropped last year, suggesting that it could...
This analysis is following up on my previous idea, which can be found in the link below.
I thought I'd give some clarity on where the price could go, following the board's earnings release.
I have included two Fib retracements. Firstly, from the ~67p peak last year to the low mid Sep at ~23p. This gives us a broader outlook of where the price has...
Tomorrow, Lloyds, the UK's largest retail bank, will release their earnings report. Investors will be eager to see how LLoyds' earnings have fared especially during the pandemic, but also compared to its peers, inlcuding Barclays et al.
Additionally, as other banks have reinstated some form of dividend, shareholders will also want some of the same. This may be a...
Hello Trade Viewers, i'm fairly new to trading so i'm mainly writing this post to clarify my own thoughts, and would also welcome any feedback.
Here we can see lloyds has climbed on upward trend since september, and broken out of its previous March resistance at 37, and we have a new base support with two points bouncing off 33 which is now showing a bull flag...
LLOYDS BANK - Finding momentum looking to move upwards in the coming weeks a great investment opportunity of a lifetime
Lloyds Bank plc is a British retail and commercial bank with branches across England and Wales. It has traditionally been considered one of the "Big Four" clearing banks.
Lloyds Bank is the largest retail bank in Britain, and has an extensive...
Info only, not advice
Updated chart. Looks like wave 4 was short and early, although wave 3 did go over 1.618
Current trend looks to be XYZ correction.
Watch for start of new impulsive wave structure for validation.
Looking to add to an existing holding on lloyds.
We have the following Confluences / Observations;
1) Initial push above EMA and close above
2) Consolidation of these gains at around 36p (not a fake out)
3) Rejection of a move below EMAs and another push higher
4) There was then some rejection from the 40p region and further consolidation again at 36p -...