Lloyds Bank (LSE:LLOY), as boring as a rock.

#Brent #Dax  Sometimes, when it’s a holiday Monday unique to the UK, it can prove worthwhile to glance at how the USA’s treating the likes of Lloyds or Barclays in case something of importance is happening. On Monday, the exercise proved a waste of time, movement proving as difficult to see as Union Jack bunting here  in Scotland! Lloyds had a trading range of nearly 3 cents…

 

We’ve substantial uncertainty as to what the markets are playing at, when it comes to the banking sector (and others). Every time it appears the banks are shuffling into position for a positive movement, something always derails the process, creating an air of uncertainty once again for the future. Currently, with several leading US banks going to the wall, along with Switzerland’s Credit Suisse, the American Bankers Association have contacted the Securities and Exchange Commission to ask them to implement emergency powers, instituting a ban a short selling bank shares in the US.

Memorably, last time they made such an official plea, it was 2008 and the start of the financial crash.

 

Maybe they’re all just being nervous ninny’s?

 

Whatever is going on is strange, even by stock market behaviour, as aside from a few spectacular shares, the majority of the market place appears to be stuck in a rut and only excelling at not actually doing anything useful. Similar to politicians.

How come no-one has noticed Crude Oil and Natural Gas prices have returned to 2019 levels. Why are the media or politicians not asking some awkward questions? Even in Italy, there’s been political furore over the price of Pasta, despite wheat prices retreating and the government is taking action. Perhaps, in the UK, the government is more interested in the VAT take from excessive pricing.

 

All this outrage is a poor attempt to conceal we don’t have a clue what Lloyds share price is planning. If Lloyds decided to get serious about experiencing some share price reversal, below 44.8p should now trigger reversal to an initial 44.1p with secondary, if broken, down at 42p and hopefully a bounce. Our conventional rulebook would normally demand we also warn of the dangers of 35p eventually making itself knows as a “bottom” but given market behaviour since 2021, it appears the 40p level is sacrosanct for Lloyds, the share price only permitted to close below such a level briefly last October. It was probably a Liz Truss thing.

 

Should Lloyds one day opt to get out of the right side of bed, share price movement exceeding 49.5p calculates with the potential of a lift to an initial 52.9p with secondary, if exceeded, at 60p. A secondary such as this would prove significant, breaking the share price out of its trading range and giving considerable hope for a future.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
9:12:52PM BRENT 76.62 75.17 74.695 73.82 75.73 77.35 77.64 79.76 75.57
9:14:51PM GOLD 2020.97 2017
9:17:05PM FTSE 7810.26 7777
9:18:35PM STOX50 4353 4336
9:20:29PM GERMANY 15969 15929 15895 15853 15965 16005 16031 16065 15951
9:22:42PM US500 4141 4133
9:24:36PM DOW 33633 33632
9:28:21PM NASDAQ 13289 13277
9:30:20PM JAPAN 29036 28947

 

5/05/2023 FTSE Closed at 7778 points. Change of 0.99%. Total value traded through LSE was: £ 4,423,579,038 a change of -18.99%
4/05/2023 FTSE Closed at 7702 points. Change of -1.1%. Total value traded through LSE was: £ 5,460,672,178 a change of 8.08%
3/05/2023 FTSE Closed at 7788 points. Change of 0.19%. Total value traded through LSE was: £ 5,052,417,233 a change of -36.96%
2/05/2023 FTSE Closed at 7773 points. Change of -1.23%. Total value traded through LSE was: £ 8,014,658,915 a change of 6.5%
1/05/2023 FTSE Closed at 7870 points. Change of 0%. Total value traded through LSE was: £ 7,525,342,837 a change of 5.53%
28/04/2023 FTSE Closed at 7870 points. Change of 0.5%. Total value traded through LSE was: £ 7,130,992,980 a change of 35.22%
27/04/2023 FTSE Closed at 7831 points. Change of -0.27%. Total value traded through LSE was: £ 5,273,731,128 a change of -19.3%

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:FGP Firstgroup** **LSE:GRG Greggs** **LSE:IAG British Airways** **LSE:NG. National Glib** **LSE:OXIG Oxford Instruments** **LSE:TLW Tullow** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Firstgroup, Greggs, British Airways, National Glib, Oxford Instruments, Tullow, Zoo Digital,

LSE:FGP Firstgroup. Close Mid-Price: 122.6 Percentage Change: + 1.91% Day High: 125 Day Low: 120

Further movement against Firstgroup ABOVE 125 should improve acceleration ……..

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LSE:GRG Greggs. Close Mid-Price: 2902 Percentage Change: + 1.61% Day High: 2902 Day Low: 2852

In the event of Greggs enjoying further trades beyond 2902, the share sho ……..

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LSE:IAG British Airways. Close Mid-Price: 150.5 Percentage Change: + 2.31% Day High: 155.6 Day Low: 146.6

Further movement against British Airways ABOVE 155.6 should improve acce ……..

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LSE:NG. National Glib Close Mid-Price: 1150.5 Percentage Change: -0.43% Day High: 1162 Day Low: 1150

In the event of National Glib enjoying further trades beyond 1162, the sh ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2795 Percentage Change: + 0.00% Day High: 2815 Day Low: 2755

All Oxford Instruments needs are mid-price trades ABOVE 2815 to improve a ……..

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LSE:TLW Tullow. Close Mid-Price: 26.34 Percentage Change: + 2.97% Day High: 26.32 Day Low: 24.5

If Tullow experiences continued weakness below 24.5, it will invariably l ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 148.5 Percentage Change: + 0.00% Day High: 148.5 Day Low: 142.5

Weakness on Zoo Digital below 142.5 will invariably lead to 139 and hopef ……..

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View Previous Zoo Digital & Big Picture ***

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

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