Investamate
Long

Legal & General taking out huge resistance level

LSE:LGEN   LEGAL & GENERAL GROUP PLC ORD 2 1/2P
Legal & General is currently trading above major resistance. The break of this level suggests that the medium to long term outlook is positive from here. We will wait to see if this break can hold on the weekly chart before committing longer term. In the short term the momentum is strong and further gains could be seen. Gap resistance around 267p and the 78.6% Fibonacci level is the short term target.

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