LYG trade ideas
Move Higher In The MakingThis 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 looks like good value for the long term.
LLOYDS Banking Group appear to be towering higheruk.tradingview.com LSE:LLOY
LLOYDS Banking Group appear to be towering higher. However, today we await confirmation above 67.951 to confirm 74.840 as objective target. Below 62.121/60.725 and 59.362/59.179 support zones is needed to confirm extension of current price correction to 54.791/54.209 zone.
Happy Trading!!
Lloyds Bank – Bulls score another brownie pointFirst it was the bullish price RSI divergence and now we have a confirmation of the breach of the falling trend line on the weekly chart. The weekly 50-MA is bottoming out as well.
The stock appears on track to test 70.00 levels. Bullish invalidation is seen only if the stock closes on Friday below the weekly 50-MA level of 61.53.
LLOY Share price forecastif 66.21 breaks near term target towards 70.925 will occur. However, if support term 64.55 is breached below, then near term targets of 62.8 and then potentially 61.8 will occur I don't buy the rise! Ftse Is extremely overvalued IMO on current forecast increases on no valid thesis'.