Lloyds for 30/04/2019

#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.

FUTURES

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%

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