Lloyds bank has created a head and shoulders position, this indicates a fall in price.
The idea is to go long. Just wait the end of the price retracement (it can be now, if the support will not be broken).
Lloyds Banking Group Key Technical Drivers: Strong volume candle structure Elevated volume 8 and 21-EMA bull cross and trending up MACD cross Currently at 137 – higher targets probable: 144 and 156. Stop: 124
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...
- Favoring the bullish scenario. Possible bullish price movement towards the next resistance $39 and $48 within the next period. LIKE | SHARE to support our work.
LYG bounced from a daily support. In H1 TF, we have a breakout and a retest from a small H1 range. A long opportunity presents itself with different targets.
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...
we firstly see candlesticks responding to the strong descending trendline (RED) and also a H&S pattern (BLUE BOX) both of these give a possible indication for a bearish continuation. Lastly there is a continuation wedge (BLUE) which generally results in a break out downwards. this would give even more reasoning to go short. I would take profit at around £25 the...
Might be one of the banks who will survive the crash.
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE. FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS.
LLoyds has been flat-lining for almost 7 years If it convincingly breaks 63 then the only way is up. Wait and see.
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.