Trends and Targets for 24/01/2019

Lloyds #DAX #NK225 The UK’s retail banks appear united in their approach to Brexit. Not a single one gives a clue to what’s coming! However, as #Lloyds Group big picture chart continues to show, this is perhaps not the case… Share prices are apparently stuffed.

We’ve a problem when near term ambitions fail come to fruition as it generally implies big picture forces are in control. For Lloyds, we must presently take the approach of expecting weakness to an initial 41p with secondary, if (when) broken at a hopeful bottom of 31p. At time of writing, it’s trading around 57p, requiring above 61.25 to remove itself from the immediate zone of doom.

What happens, should a miracle propel the price beyond 61.25p?

Continued recovery to an initial 65p looks confident. And if this initial target is exceeded, our secondary for the longer term calculates at 70p sometime in the future, a point where a visual glass ceiling awaits.

For now, there’s more to dislike about Lloyds than we’d prefer and it’s quite easy to suggest keeping a weather eye on the price, just in case 31p makes an appearance. At such a level, we would expect a serious bounce.

Chart goes here.

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

9:50:45PM

BRENT

60.86

‘cess

9:53:35PM

GOLD

1282.58

9:59:35PM

FTSE

6842

‘cess

10:03:07PM

FRANCE

4839.7

‘cess

10:05:03PM

GERMANY

11053.1

11003

10905

10779

11088

11140

11157.5

11211

11042

10:07:15PM

US500

2638.17

Shambles

10:09:49PM

DOW

24571

‘cess

10:11:44PM

NASDAQ

6662

‘cess

10:13:38PM

JAPAN

20556

20398

20176

19912

20640

20725

20783

20936

20460

 

23/01/2019 FTSE Closed at 6842 points. Change of -0.85%. Total value traded through LSE was: £ 6,146,255,553 a change of 20.58%

 

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