Lloyds for 27/08/2019

#Brent #DAX Why, in the UK, do many of us spoil holiday weekends with “stuff”. A visit to Ikea, trudging round B&Q, a garden centre trip, and of course, grand-daughters, complete with gold glitter which spilled everywhere. Add temperatures in double figures (it is Scotland after all) and we’re now approaching a look at Lloyds share price with wafer thin humour.

Last time Lloyds was reviewed, we calculated an initial drop target of 51p, something it ‘successfully’ hit with the market opting to gap the share downward quite aggressively. Our secondary, at 46.8p has remained untroubled, the lowest achieved thus far being 48p. In the period since 48p, the rebound has been as enthusiastic as the UK media following up on Epsteins entire British guest list. Blink and you’ll miss it. It’s almost like the media’s forgotten their lesson, after protecting Saville, Smith, Rochdale etc!

The situation remains of weakness below 48p pointing at 46.8p with some real rebound potential. If broken, secondary now looks like 41.5p. Things are liable to become serious, if the share price actually closes a session below 47.5p as there’s a further risk making itself apparent. The Big Picture shall start suggesting 30p is trying to exert a long term influence.

Ultimate bottom, if it all goes completely wrong, calculates at a very visually improbable 5p!

At time of writing, Lloyds is trading around the 50p mark, needing above 51.75p before we dare take any rise seriously as this calculates with the potential of an initial 54p and recovery above the historic uptrend. If exceeded, secondary looks like 59.4p, along with some hesitation.

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:29:16PM

BRENT

58.36

58

57.015

55.67

59.62

59.97

60.37

61.25

58.36

Success

10:31:51PM

GOLD

1527.93

               

Success

10:35:07PM

FTSE

7103.9

               

Success

10:37:36PM

FRANCE

5361.2

               

Success

10:40:25PM

GERMANY

11693

11589

11429

11287

11687

11718

11768

11827

11605

Success

10:42:15PM

US500

2882.67

               

Success

10:45:50PM

DOW

25937

               

Success

10:57:50PM

NASDAQ

7586.12

               

Shambles

10:59:49PM

JAPAN

20543

               

Success

23/08/2019 FTSE Closed at 7094 points. Change of -0.48%. Total value traded through LSE was: £ 4,557,094,463 a change of -9.85%

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