LEGAL & GENERAL GROUP PLC ORD 2 1/2P LSE:​LGEN

As per my wave analysis, there are possible two trades, in short term Long and in Medium term a good Short trade

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%...

LGEN short from 220p to just under 120p. Move to Value area high and rejection down following the trend.