EMA50 crossed EMA200, Uptrend Confirmation
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
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 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.
LYG has a lot going for it. Including the easing Europe is doing on ALL European Banks, starting RIGHT NOW! They have a lot of news in the pipelines and I have no doubt this stock will be over $6 in November