#FTSE #Nasdaq It’s that time of the month again when we can justify bad temper moods, a typical outcome when reviewing the UK’s retail banks. Lloyds, for instance, experienced a month with a 2p range, doing nothing useful. Similar to the UK’s outgoing Prime Minister and our national Brexit hiatus!
It would be nice to suggest the last month has at least dropped some clues for the shares future behaviour but frankly, it hasn’t. The immediate situation does, thankfully, give a slightly tenuous scenario which could give early warning for some upward travel.
Apparently, above 57.7p should bring movement to a stunning 57.91p. Even by day trade standards, this would be a pretty useless trading plan but the key signal will come if 57.91p is bettered. This will hint at the potential of coming upward travel. Above 57.91p calculates with the potential of 58.8p next. Beyond such a point and we’re showing 62.28p. Yet, this is all pretty useless if we zoom out and view the last 5 years…
The share price presently requires exceed Blue, presently at 64p, to give real hope for genuine price recovery. Nothing from immediate movements gives hope this will prove possible. Instead, the threat remains of weakness below 56p driving Lloyds down to an initial 51.8p. If broken, secondary is a “bottom hopefully” at 46.8p. Our use of the term “bottom hopefully” is careful, given achieving such a drop will bring Lloyds into territory where quite severe reversals are possible with the number 26p being bandied around as an ultimate drop target.
Perhaps our new “representative of real people” shall provide a breath of fresh air in Number 10? After all, across the water Mr Trump hasn’t exactly hurt the marketplace but we’re not holding our breath.
|
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
|
10:19:00PM |
BRENT |
64.19 |
Shambles | ||||||||
|
10:20:29PM |
GOLD |
1418.29 | |||||||||
|
10:22:02PM |
FTSE |
7564.5 |
7533 |
7512 |
7483 |
7578 |
7579 |
7604 |
7623 |
7546 |
Success |
|
10:23:31PM |
FRANCE |
5630 |
Success | ||||||||
|
10:26:13PM |
GERMANY |
12528 |
Success | ||||||||
|
10:35:39PM |
US500 |
3001.39 |
Success | ||||||||
|
10:38:28PM |
DOW |
27323 |
Success | ||||||||
|
10:40:42PM |
NASDAQ |
7928.02 |
7913 |
7886 |
7858 |
7949 |
7970 |
7977 |
8034 |
7929 |
‘cess |
|
10:42:29PM |
JAPAN |
21691 |
‘cess |
