Lloyds Banking Group, an optimistic outlook!!!

#Brent #Germany The UK prime minister appears to be misinterpreting his other job title as ‘Party Leader’, if the latest stories in the media about wine-time party Fridays in Downing St prove to be correct. While many organisations enjoy a ‘dress down’ Friday, promoting ‘rat-arsed’ Fridays could catch on, setting the tone for weekends to assist the hospitality industry. Meanwhile, UK bank LSE:LLOY appears to be enjoying its own little party, finally.

Such has been the depressing regularity of suggesting a target level of 55p for Lloyds, three weeks ago in our most recent update, we didn’t even bother mentioning the target level. Instead, we simply said “Lloyds needs to trade above 48p to aim for any sort of safety”, assuming regular readers didn’t want us to again repeat our target levels. Finally, on January 4th, some magic happened and the share price was gapped up at the open above the 48p trigger, hopefully entering a brave new world for some movement of strength this year.

 

The share price has already achieved our 55p level and we’re especially interested in the effects of the two Red circled areas on the chart. The price was gapped down at the tail of last year, gapped up at the start of this year, in a classic GaGa manouvre, one which is now supposed to promote the idea of a visit to 58.5p being possible. Such a target level should prove especially interesting, visually matching the price level enclosed with the Blue Circle at the start of 2020. We suspect this level shall prove some hesitation and only with closure above 58.5p shall we dare exhibit hope for some solid long term movements with the potential of considerable strength. Visually there’s every expectation of a glass ceiling at the 58.5p level but, the lesson from other world markets has been for hesitation to be brief, then share prices continue to move.

Obviously, as we’re discussing a UK retail bank, we’re slightly cautious with our optimism but with share price movements such as experienced during the last 10 days, it’s difficult not to express hope.

Closure above 58.5p should now make a visit to an initial 63.5p possible with our longer term secondary calculating at an impressive 77p sometime in the future.

 

For things to go horribly wrong for Lloyds, the price needs flop below 44.7p, the level of the previous low, to utterly quash hopes for the future.

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Massive thanks to all the folk who discovered interesting adverts to visit on this page last week. Soon, we will aim for Friday being Wine Day…

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:13:23PM BRENT 85.98 83.38 83.01 81.98 84.84 86.1 87.46 94.73 83 Success
9:27:19PM GOLD 1816.73
9:29:11PM FTSE 7568
9:30:46PM FRANCE 7154 ‘cess
9:39:57PM GERMANY 15940 15830 15777 15672 15922 15973 16016 16077 15877 ‘cess
9:41:33PM US500 4638
9:43:39PM DOW 35762
9:45:52PM NASDAQ 15509 ‘cess
9:48:47PM JAPAN 28298 Success
14/01/2022 FTSE Closed at 7542 points. Change of -0.28%. Total value traded through LSE was: £ 6,434,562,809 a change of 1.01%
13/01/2022 FTSE Closed at 7563 points. Change of 0.16%. Total value traded through LSE was: £ 6,370,299,567 a change of -13.58%
12/01/2022 FTSE Closed at 7551 points. Change of 0.83%. Total value traded through LSE was: £ 7,371,380,208 a change of 17.9%
11/01/2022 FTSE Closed at 7489 points. Change of 0.59%. Total value traded through LSE was: £ 6,252,372,247 a change of -8.66%
10/01/2022 FTSE Closed at 7445 points. Change of -0.53%. Total value traded through LSE was: £ 6,844,878,564 a change of 25.04%
7/01/2022 FTSE Closed at 7485 points. Change of 0.47%. Total value traded through LSE was: £ 5,474,069,038 a change of -10.83%
6/01/2022 FTSE Closed at 7450 points. Change of -0.88%. Total value traded through LSE was: £ 6,138,809,460 a change of 26.57%

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

Click Epic to jump to share: LSE:BARC Barclays** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:DDDD 4D Pharma** **LSE:DGE Diageo** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:POLY Polymetal** **LSE:RKH Rockhopper** **LSE:SPX Spirax** **LSE:STAN Standard Chartered** **

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Updated charts published on : Barclays, BP PLC, British Telecom, 4D Pharma, Diageo, Hikma, HSBC, IQE, ITM Power, Lloyds Grp., Natwest, Ocado Plc, Oxford Instruments, Primary Health, Polymetal, Rockhopper, Spirax, Standard Chartered,

LSE:BARC Barclays Close Mid-Price: 215.5 Percentage Change: -0.74% Day High: 219.6 Day Low: 213.5

All Barclays needs are mid-price trades ABOVE 219.6 to improve accelerati ……..

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LSE:BP. BP PLC. Close Mid-Price: 388.7 Percentage Change: + 1.25% Day High: 391.05 Day Low: 383.6

Target met. Further movement against BP PLC ABOVE 391.05 should improve a ……..

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LSE:BT.A British Telecom. Close Mid-Price: 179.6 Percentage Change: + 0.81% Day High: 181.1 Day Low: 177.25

Continued trades against BT.A with a mid-price ABOVE 181.1 should improve ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 41.95 Percentage Change: -3.56% Day High: 43.1 Day Low: 41.4

Target met. Weakness on 4D Pharma below 41.4 will invariably lead to 38 w ……..

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LSE:DGE Diageo Close Mid-Price: 3717.5 Percentage Change: -1.18% Day High: 3747.5 Day Low: 3711.5

If Diageo experiences continued weakness below 3711.5, it will invariably ……..

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LSE:HIK Hikma Close Mid-Price: 2056 Percentage Change: -0.24% Day High: 2087 Day Low: 2044

Continued weakness against HIK taking the price below 2044 calculates as ……..

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LSE:HSBA HSBC. Close Mid-Price: 516.6 Percentage Change: + 0.70% Day High: 517.5 Day Low: 508.8

Continued trades against HSBA with a mid-price ABOVE 517.5 should improve ……..

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LSE:IQE IQE Close Mid-Price: 31.5 Percentage Change: -5.41% Day High: 34.9 Day Low: 31.7

Continued weakness against IQE taking the price below 31.7 calculates as ……..

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LSE:ITM ITM Power Close Mid-Price: 338 Percentage Change: -5.22% Day High: 361.4 Day Low: 340

In the event ITM Power experiences weakness below 340 it calculates with ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 54.97 Percentage Change: + 1.85% Day High: 55.04 Day Low: 53.42

Target met. Further movement against Lloyds Grp. ABOVE 55.04 should impro ……..

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LSE:NWG Natwest. Close Mid-Price: 249.5 Percentage Change: + 0.52% Day High: 251.1 Day Low: 246.5

In the event of Natwest enjoying further trades beyond 251.1, the share s ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 1445 Percentage Change: -4.87% Day High: 1512 Day Low: 1436.5

Target met. If Ocado Plc experiences continued weakness below 1436.5, it ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2260 Percentage Change: -4.03% Day High: 2410 Day Low: 2265

Weakness on Oxford Instruments below 2265 will invariably lead to 2074 wi ……..

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LSE:PHP Primary Health Close Mid-Price: 146.3 Percentage Change: -0.27% Day High: 146.9 Day Low: 145.7

In the event Primary Health experiences weakness below 145.7 it calculate ……..

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LSE:POLY Polymetal Close Mid-Price: 1162.5 Percentage Change: -2.92% Day High: 1211.5 Day Low: 1159

Target met. In the event Polymetal experiences weakness below 1159 it cal ……..

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LSE:RKH Rockhopper. Close Mid-Price: 10.21 Percentage Change: + 6.02% Day High: 10.4 Day Low: 9.82

Further movement against Rockhopper ABOVE 10.4 should improve acceleratio ……..

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LSE:SPX Spirax Close Mid-Price: 13430 Percentage Change: -3.38% Day High: 13945 Day Low: 13495

Target met. Weakness on Spirax below 13495 will invariably lead to 13054 ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 523.2 Percentage Change: + 2.31% Day High: 524 Day Low: 509.8

In the event of Standard Chartered enjoying further trades beyond 524, th ……..

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

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