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...
Last buy trade hit our TP3 for 1:3, new sell signal has formed.
For more information on our strategy please view our 'Scripts' page on our Trading view profile.
Our V2 strategy shows the SL and multiple TPs on the chart too - these are customisable based on the ATR of each pair.
We have set these so that TP1 is 1:1 TP2 is 1:2 TP3 is 1:3 RR.
There are infinite...
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...
Buy Lloyds Banking Group (LLOY.L)
Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company's main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment.
Market Cap: £40Billion
Lloyds gapped higher this morning and...
Both patterns are bullish, whichever you choose to interpret it as. Additionally, there is decreasing volume as it reaches its 200ma on the daily. Lloyds has been very well behaved when it comes to chart patterns over the past year.
MACD crossing down is a reason for concern though.
I am seeing this as a double bottom reversal. Green box is my buy, and red line is stop loss. This is definietly a little more risky than usual. I will keep my stop loss tight if it decides to move upwards, as it will have to break the pink triangle, and there is also all the brexit rubbish going on. In all honesty I could have found a better trade, but meh, let's...
UK banks outperformed the benchmark for UK shares during the rout in global stock markets that began in October. UK bank share prices are down over the past two months, but by less than the FTSE 100 index.
Positive expectations for stress test results have played a role in limiting the damage to UK bank shares.
1.Support broken Resistance validated
2.Weekly trend line validated (major validation)
3.Opposing level breached by short sellers (major validation)
4.Profit margin 1:2
Could see price Potentially move down to £59.90*
resistance seen @ £61.80 need to break £61.80 without any major retracements
if 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'.