Lloyds Bank, will it dance. Ever?

#DAX #Brent About the only word which can be fairly used to describe Lloyds share price movements is “grudgingly”. Three weeks ago, we gave criteria which argued for a cycle commencing which would take the share price up to 47.7p. The period since saw our criteria trigger, the share price mesmerically gaining a magical 2.06p in the process, soaring above our 43.8 trigger level to reach a high of 45.86p. Movements are not impressive and there are signs the market is getting frustrated also.

Last week, the market opted to “gap” Lloyds share price up at the open (circled), doubtless due to news of the bank profits soaring, news which was echoed across Europe with several other banks reaping a Covid19 dividend. Equally, we find it interesting Lloyds are reporting success with its Lockdown Homeworking, productivity not hampered despite corporate offices remaining empty. This experience must surely make many landlords look nervously at renewal dates for corporate clients, making us wonder if the ultimate future for Canary Warf shall be transition into a soul-less housing estate rather than a soul-less financial centre!

 

We’re still banging a drum which favours price recovery toward 47.7p next with secondary, if exceeded, calculating at 55p. If opting to play safe, movements next above 45.86p should herald continue slow recovery to our target level. There’s a reasonable chance of some hesitation around the 50p level on the way up, this particular number perhaps proving to be one of these things called a ‘psychological barrier’, maybe even believable as many traders will tend distrust the glacial pace with which the price is moving. Arithmetically, we lack reasons to anticipate issues at the 50p level, but suspect nerves shall play their part in slowing things down.

For it all to go very wrong, Lloyds share price now needs weaken below 37p to provoke outright panic.  Visually, we’d raise an eyebrow even with weakness below 44p as this risks a retreat below the Blue downtrend. While this would not crush hopes for the future, such a movement would tend confirm the slow pace of travel is expected to continue.

*** When we covered Lloyds 3 weeks ago, our gobs were smacked when readers discovered Google were placing interesting adverts on our blog, opting to view some. It remains a huge “thanks” incident, something we’re rather chuffed about.

Hey, chart goes here

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:43:59PM BRENT 47.69 66.02 65.625 64.92 67.05 67.74 68.12 68.94 67.16 Success
9:46:28PM GOLD 1793.13
10:06:09PM FTSE 6995.71
10:09:03PM FRANCE 6315.5 Success
10:11:07PM GERMANY 15246 15105 15069.5 15004 15185 15269 15301 15370 15202 ‘cess
10:12:15PM US500 4190.07
10:14:02PM DOW 34109 Success
10:16:36PM NASDAQ 13798
10:18:36PM JAPAN 29059 ‘cess
30/04/2021 FTSE Closed at 6969 points. Change of 0.11%. Total value traded through LSE was: £ 6,485,673,817 a change of 11.9%
29/04/2021 FTSE Closed at 6961 points. Change of -0.03%. Total value traded through LSE was: £ 5,795,996,815 a change of 1.77%
28/04/2021 FTSE Closed at 6963 points. Change of 0.27%. Total value traded through LSE was: £ 5,695,013,979 a change of 9.25%
27/04/2021 FTSE Closed at 6944 points. Change of -0.27%. Total value traded through LSE was: £ 5,212,742,605 a change of 17.08%
26/04/2021 FTSE Closed at 6963 points. Change of 0.36%. Total value traded through LSE was: £ 4,452,134,004 a change of -2.38%
23/04/2021 FTSE Closed at 6938 points. Change of 0%. Total value traded through LSE was: £ 4,560,582,809 a change of -19.42%
22/04/2021 FTSE Closed at 6938 points. Change of 0.62%. Total value traded through LSE was: £ 5,660,042,698 a change of 11.95%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!

Click Epic to jump to share: LSE:EME Empyrean** **LSE:FRES Fresnillo** **LSE:HL. Hargreaves Lansdown** **LSE:HUR Hurrican Energy** **LSE:IPF International Personal Finance** **LSE:PPC President Energy** **LSE:RR. Rolls Royce** **

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Updated charts published on : Empyrean, Fresnillo, Hargreaves Lansdown, Hurrican Energy, International Personal Finance, President Energy, Rolls Royce,

LSE:EMELSE:EME Empyrean. Close Mid-Price: 6.6 Percentage Change: + 3.94% Day High: 6.75 Day Low: 6.35

Continued trades against EME with a mid-price ABOVE 6.75 should improve t ……..

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View Previous Empyrean & Big Picture ***

LSE:FRES Fresnillo Close Mid-Price: 823.6 Percentage Change: -0.82% Day High: 839.2 Day Low: 820.2

If Fresnillo experiences continued weakness below 820.2, it will invariab ……..

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LSE:HL.LSE:HL. Hargreaves Lansdown. Close Mid-Price: 1719.5 Percentage Change: + 3.12% Day High: 1722.5 Day Low: 1667

In the event of Hargreaves Lansdown enjoying further trades beyond 1722.5 ……..

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LSE:HUR Hurrican Energy Close Mid-Price: 1.12 Percentage Change: -51.30% Day High: 2.35 Day Low: 1.02

Target met. Weakness on Hurricane Energy below 1.02 will invariably lead ……..

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View Previous Hurrican Energy & Big Picture ***

LSE:IPF International Personal Finance Close Mid-Price: 127.6 Percentage Change: -0.78% Day High: 131.8 Day Low: 124.4

Target met. All International Personal Finance needs are mid-price trades ……..

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LSE:PPCLSE:PPC President Energy. Close Mid-Price: 2.6 Percentage Change: + 4.00% Day High: 2.62 Day Low: 2.5

Further movement against President Energy ABOVE 2.62 should improve accel ……..

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LSE:RR.LSE:RR. Rolls Royce. Close Mid-Price: 104.62 Percentage Change: + 2.55% Day High: 105.44 Day Low: 101.46

Weakness on Rolls Royce below 101.46 will invariably lead to 96p will pre ……..

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*** End of “Updated Today” comments on shares.

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