Lloyds Bank for 25/11/2019

#Brent #Dax Optimism, a strange word to use, when discussing the UK Retail Bank sector. Rather than use the term “suspend disbelief’, we rather prefer the slightly more arcane term ‘cognitive estrangement’ when asking for acceptance of the looming scenario for Lloyds.

It should probably be pointed out, when a writer employs terminology no-one is quite familiar with, it’s usually because they don’t actually believe the argument about to be presented. Most of the UK doubtless watched, with ‘cognitive estrangement’ the appalling performance of our countries prospective leaders during the 2 hour Question Time on Friday. It took a while for the penny to drop, it was Light Entertainment, just lacking Ant ‘n’ Dec presenting due to their prior engagements anywhere else.

Lloyds Bank has two distinct calculations telling us the price is about to wander up to 63.3p. If exceeded, our secondary calculates at a longer term (or later that day!) 68p. The trigger for such a wonderful movement is supposes to be trades anytime now above 60.7p. It’s very possible the 63.3p ambition shall prove viable, especially due to the presence of the downtrend since 2009.

As for our 68p calculation, this enters the land of politicians, lies, and broken promises. As the chart shows, achieving 68p shall break the downtrend of the last 10 years. Such a movement also achieves a “higher high” than the previous time the share price touched the trend, theoretically allowing a longer term 85p to enter the picture.

We have our doubts, certainly until December 13th at the very earliest.

If Lloyds intends trouble, now below 55p allows for an initial believable 52p. If broken, secondary is at 48p and should prove capable of a rebound, given the presence of the prior low.

Hey, 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

9:58:35PM

BRENT

62.81

57.9

52.765

45.38

63

63.8

65.96

69.11

59.15

‘cess

10:01:10PM

GOLD

1462.49

               

10:03:43PM

FTSE

7344.83

               

Success

10:08:07PM

FRANCE

5896

               

Success

2:33:53PM

GERMANY

13200

13034

12951

12808

13182

13247

13355

13795

12788

Success

2:35:40PM

US500

8276.12

               

Shambles

2:45:37PM

DOW

27886

               

3:00:51PM

NASDAQ

8276

               

Shambles

3:02:28PM

JAPAN

23167

               

 

22/11/2019 FTSE Closed at 7326 points. Change of 1.22%. Total value traded through LSE was: £ 5,192,412,665 a change of -5.45%

21/11/2019 FTSE Closed at 7238 points. Change of -0.33%. Total value traded through LSE was: £ 5,491,994,018 a change of -12.81%

20/11/2019 FTSE Closed at 7262 points. Change of -0.83%. Total value traded through LSE was: £ 6,298,819,044 a change of 17.12%

19/11/2019 FTSE Closed at 7323 points. Change of 0.22%. Total value traded through LSE was: £ 5,378,033,826 a change of -0.49%

18/11/2019 FTSE Closed at 7307 points. Change of 0.07%. Total value traded through LSE was: £ 5,404,777,192 a change of 7.28%

15/11/2019 FTSE Closed at 7302 points. Change of 0.14%. Total value traded through LSE was: £ 5,038,024,383 a change of -3.76%

14/11/2019 FTSE Closed at 7292 points. Change of -0.8%. Total value traded through LSE was: £ 5,234,690,954 a change of -2.01%

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