Lloyds Banking Group (LSE:LLOY) and the ballad of 223p

#Brent #SP500  The Perpetual Motion Machine, long an ambition of inventors everywhere, faces an interesting challenge from the UK’s banking sector. With very little effort, the UK appears to have invented the Perpetual Lack of Motion Machine principal, a group of shares from a sector which was once vibrant and fun, now lead the world in the stakes of “doing sod all”.


Perhaps a little frustration is evident here, especially as we chose to zoom out for this report and take a Big Picture stance. This is where the sad reality of Lloyds hit home. We can present arguments which lead to an eventual 223p sometime in the future but, to be honest, we utterly lack any confidence in the sector. There’s an immediate scenario we can suggest, one where above 47p should next lead to 52p with secondary, if exceeded, working out at a longer term 59p. This secondary, from a Big Picture viewpoint, is theoretically interesting, taking the share price above a downtrend (Blue) which dates back to 2009.

Visually, there’s a chance of hope with such a motion. With any other share, we’d certainly be raising eyebrows as the price would be exceeding a very obvious long term downtrend. What bothers us, quite a lot, has been the effort employed over the last 14 years to ensure Lloyds shareholders remain suffering, their funds on a long term holiday with little hope of solution. It often feels like it’s going to be the case, where sometime in the future, exploring an attic, people will discover a box full of ornate share certificates from Lloyds. The level of excitement at such a discovery will doubtless be high, right up until the point when the date is checked, along with an immediate realisation the fancy looking certificates are worth nothing, other than as a curiosity. Personally, making a similar discovery amongst grand-parents possessions allowed for a dream of unequalled wealth, when a cache of Pacific & Orient (P&O) shares were unearthed. The harsh reality was, the only person who got rich from these fancy looking share certificates was the printing company who produced them.

About the nicest thing we dare say for Lloyds is closure above 59p may provide the foundation for long term price recovery but we’re not holding our breath. But on the bright side, there’s now an excuse for a headline, “Will Lloyds Hit A Miracle 223p?

More probably, below 40p looks dangerous, calculating with the potential of weakness to an initial 35p next. Should such a level break, our secondary works out at an unlikely feeling 23p.



Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
9:17:24PM BRENT 9182 9122 9016 8845 9391 9325 9394 9469 9238
9:19:34PM GOLD 1848.22 1861
9:22:51PM FTSE 7583 7590
9:33:01PM STOX50 4161.3 4151
9:36:19PM GERMANY 15354.4 15331
9:39:04PM US500 4291.6 4261 4243 4218 4292 4317 4320 4346 4289
9:41:12PM DOW 33523 33696
9:43:25PM NASDAQ 14740.3 14692
9:45:33PM JAPAN 31803 31947


29/09/2023 FTSE Closed at 7608 points. Change of 0.09%. Total value traded through LSE was: £ 5,293,726,748 a change of 0.59%
28/09/2023 FTSE Closed at 7601 points. Change of 0.11%. Total value traded through LSE was: £ 5,262,711,869 a change of -1.95%
27/09/2023 FTSE Closed at 7593 points. Change of -0.42%. Total value traded through LSE was: £ 5,367,119,674 a change of 0.5%
26/09/2023 FTSE Closed at 7625 points. Change of 0.01%. Total value traded through LSE was: £ 5,340,510,819 a change of -24.76%
25/09/2023 FTSE Closed at 7624 points. Change of -0.77%. Total value traded through LSE was: £ 7,097,867,582 a change of -9.65%
22/09/2023 FTSE Closed at 7683 points. Change of 0.07%. Total value traded through LSE was: £ 7,855,931,745 a change of 26.88%
21/09/2023 FTSE Closed at 7678 points. Change of -0.69%. Total value traded through LSE was: £ 6,191,643,124 a change of 28.33%

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:BME B & M** **LSE:ECO ECO (Atlantic) O & G** **LSE:GLEN Glencore Xstra** **LSE:MKS Marks and Spencer** **


Updated charts published on : B & M, ECO (Atlantic) O & G, Glencore Xstra, Marks and Spencer,

LSE:BME B & M. Close Mid-Price: 586.4 Percentage Change: + 0.89% Day High: 589.8 Day Low: 578.8

Target met. Continued trades against BME with a mid-price ABOVE 589.8 sho ……..

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LSE:ECO ECO (Atlantic) O & G Close Mid-Price: 10.5 Percentage Change: -5.62% Day High: 11.12 Day Low: 10.62

In the event ECO (Atlantic) O & G experiences weakness below 10.62 it cal ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 469.9 Percentage Change: + 1.93% Day High: 477.4 Day Low: 461.45

Further movement against Glencore Xstra ABOVE 477.4 should improve accele ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 236.6 Percentage Change: + 0.55% Day High: 245.9 Day Low: 235.2

Target met. Further movement against Marks and Spencer ABOVE 245.9 should ……..

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

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