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Londontradingcommunity

#LLOY ANALYSIS.. After the big drop, we see a recovery in the price of the stock.. At the point we have reached, there are indications that the positive outlook in the stock will continue.. First of all, when we look at the daily chart, we see that the downtrend has broken upwards and the price is below ma20.. Also, the RSI is now above (42) reference values, which seems very positive.. Besides these, SAR indicates a positive trend and Gator is about to generate a buy signal.. In the framework of all these positive indicators, I think there will be an upward price movement in #LLOY, as I mentioned in the chart.. We will wait and see.. Disclaimer: When it comes to stock trading, please take necessary care. Invest in your own responsibility. What I write is technical analysis. It is not investment advice.. I wish you all the best..
LSE:LLOYLong
by OguzhanSengor
3
BMW Double Bottom - Buy SignalBMW has formed a double bottom as shown on the weekly chart along with a decreasing volume which suggests a lack of selling pressure. We are now waiting for a confirmation signal from the RSI to break through its trendline before opening a position on this stock. We expect price to test the upper trendline of the triangle before breaking through should the UK decide to remain in the EU as UK is a huge importer of BMW cars. It was also reported a few days ago that BMW plan to accelerate plans to innovate driverless cars by partnering with technology companies and acquiring start up companies. On the long side, we expect this pair to head towards the €100 level. Alternatively, if the fundamentals send price down, we expect it to target the €50 level.
FWB:BMWLong
by londontradingcommunity
1