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 -...
i hope your enjoying my simple price action analysis, which is different to indicator trading which is seen alot on here. so lloyds has taken a big hit since covid which is to be expected but with price being this low, its both looking good as a long term growth stock, and potentially trading this squeezing wedge to about 0.32, which is almost 50 percent gains we...
It's been a while since my previous update for Lloyds. If you have been following along you will know that I have been anticipating lower prices. Now that more data is being printed we can begin to suggest possible scenarios. If you are a student of Elliott Wave or Neo Wave you will know that the middle part of a correction is the hardest part to comprehend and...
In a recent post I outlined my expectations for Lloyds and my bias remains. As you can see I am anticipating a combination correction. I have this in mind due to the wave extension which we experienced in early April. Whenever you have such an extended wave like this you should anticipate a complex correction (complexity always precedes or follows a wave...
In my last post I wrote about identifying and trading the range and how the patient trader will be rewarded when a range is in play. lloyds has been ranging in corrective mode since the March sell-off and is now approaching the bottom of the range. It appears to have put in a flat as a B wave (with a C wave failure). If so this is telling us that the market is...
Lloyds has provided traders with some excellent set-ups as it remains range bound. These are significant ranges and the patient trader can make excellent returns as the technicals are being respected to the tick. It will interesting to see how the market reacts over the coming weeks because the UKX has faced rejection from the 0.618. Will Lloyds revisit the bottom...
