#GOLD #Nasdaq When we last reviewed Lloyds, we admitted considerable discomfort in projecting the shares future potentials (link here). Instead, we opted for the cowards route, suggesting it was probably going to be stuck in a state of flux until a Brexit solution appeared. Guess what, this appears to be the case!
As Lloyds share price “closing price” charts show, the share managed to briefly break trend with the market opting to stuff the share below BLUE. This tends confirm our suspicion the price will doubtless start some oscillation, ideally giving a trading range which will prove useful as we await politicians doing the job they are paid to do. It often feels the TV show, “The Apprentice” could do a better job of things, giving a bunch of publicity hungry hopefuls the task of managing a settlement with Europe.
If our suspicion is correct regarding Lloyds, weakness now below 63 should prove capable of reversal to an initial 60p. If broken, secondary is now calculating at 57.5p and remains a point at which we’d hope for a bounce. Theoretically – and visually – it will make sense for a bounce to head to 64p before again experiencing some reversals. This will give a reasonable trading range until Brexit nonsense is sorted, one way or another.
To adopt a tone which approaches optimism, Lloyds share price now requires trade above 67.8p, this apparently now permitting growth to an initial 70.75 with secondary, if bettered, a longer term 74p. Visually, there is an implication any rise foolish enough to hit the 74p level will find itself restricted by a glass ceiling which has existed since 2015. Only with closure above such a point will be genuinely adopt a stance of hope for the future.
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
9:43:37PM |
BRENT |
71.6 | |||||||||
9:45:32PM |
GOLD |
1279.84 |
1277 |
1275.2 |
1270.6 |
1284 |
1286 |
1288.3 |
1291.8 |
1279 | |
9:48:00PM |
FTSE |
7453.92 | |||||||||
9:50:18PM |
FRANCE |
5587.5 |
‘cess | ||||||||
10:02:18PM |
GERMANY |
12334.24 | |||||||||
10:04:07PM |
US500 |
2941.37 |
‘cess | ||||||||
10:05:55PM |
DOW |
26585 |
‘cess | ||||||||
10:08:49PM |
NASDAQ |
7792.15 |
7789 |
7772.5 |
7746 |
7829 |
7852 |
7865.5 |
7908 |
7770 |
Shambles |
10:10:26PM |
JAPAN |
22405 |
‘cess |
29/04/2019 FTSE Closed at 7440 points. Change of 0.16%. Total value traded through LSE was: £ 4,331,228,714 a change of -31.26%