Lloyds Banking Group (LSE:LLOY) with results looming

#Brent #Stoxx50 It’s hard to feel irritated at the news a further tranche of bank branches are being closed. Growing up with the family business being retail, I think we all became inured to the odious task of depositing the takings at the bank, the thrill of dropping off 5 figure cash amounts on a Monday morning quickly becoming a job everyone tried to avoid. It wasn’t for security reasons or anything so sensible, just a case everyone hated the job and, to be fair, it’s probable the bank staff felt the same way. Thankfully, credit card readers quickly caught on, massively reducing the cash headache from the petrol stations and allowing the daily “bank run” to become a task for a couple of times a week.

So when news broke the biggest bank branch in our local small town was closing, along with invitations to “sign” the inevitable petition, it was difficult to feel sympathy. Personally, with no requirement to visit the branch in person for at least five years, it was understandable why it was closing down. When previously visiting, there were plenty of signals it was going to be on a corporate hit list, not least being the fact it was only open half day for most of the week and even entirely closed on a Wednesday. The only big problem came, when the “cost of living” crisis erupted and we discovered a £1,500 debt with our electricity company. As in, they’d been using estimates for a while and they owed us £1,500, along with a substantial reduction in the monthly debit. Without delay, the company issued us a cheque, one we couldn’t deposit at the bank branch, ‘cos it’s now closed. A sign in the window directed us to the Post Office, an easy job as there’s a branch on the way home, one where the owner hasn’t been charged with theft. Of course, our local Post Office, in true highland style, didn’t have the correct pay in slips for Halifax, requiring another attempt in a couple of days. In Argyll, it’s writ large to never expect anything for the next day, the ferry requirement always adding 24 hours to any delivery. Or, if expecting a local tradesman…


Lloyds, due to release some figures this Thursday, should doubtless follow the example set by Natwest. But the car finance investigation risks biting them in the future as Black Horse are big in the car finance field. Quite what level of exposure they face is obviously unknown but the company shall invariably make an allowance in their figures, giving plenty of time for rumour and nerves to damage the share price. A glance at recent Lloyds movements tends suggest the presence of some optimism for the near term, above 43.35 suggesting the near term potential of a lift to an initial 45.15p. Our longer term secondary, should this level be exceeded, works out at 50.7p and visually, this is pretty attractive, creating the potential of a higher high, along with a break of the downtrend since 2019.

For things to go pear shaped, Lloyds now needs below 40.25 to ring alarm bells, calculating with the potential of reversal to around 35p with secondary, if broken, now at 30.7 and hopefully a bottom.

Our inclination is toward optimism for Lloyds.





Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
9:39:49PM BRENT 8288.4 8064 8021 7918 8244 8321 8356 8424 8272
9:42:38PM GOLD 2012.97
9:45:14PM FTSE 7698
9:47:25PM STOX50 4747.6 4731 4714 4691 4763 4783 4792 4811 4746
9:51:25PM GERMANY 17072.9
9:53:59PM US500 4999.5
9:56:29PM DOW 38574
9:58:47PM NASDAQ 17659.9
10:27:32PM JAPAN 38243


16/02/2024 FTSE Closed at 7711 points. Change of 1.5%. Total value traded through LSE was: £ 6,719,822,861 a change of 59.53%
15/02/2024 FTSE Closed at 7597 points. Change of 0.38%. Total value traded through LSE was: £ 4,212,176,049 a change of -10.97%
14/02/2024 FTSE Closed at 7568 points. Change of 0.75%. Total value traded through LSE was: £ 4,731,346,457 a change of -6.79%
13/02/2024 FTSE Closed at 7512 points. Change of -0.81%. Total value traded through LSE was: £ 5,075,825,719 a change of 6.46%
12/02/2024 FTSE Closed at 7573 points. Change of 0.01%. Total value traded through LSE was: £ 4,767,866,668 a change of -14.99%
9/02/2024 FTSE Closed at 7572 points. Change of -0.3%. Total value traded through LSE was: £ 5,608,670,910 a change of 3.17%
8/02/2024 FTSE Closed at 7595 points. Change of -0.43%. Total value traded through LSE was: £ 5,436,383,411 a change of -4.43%

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:AML Aston Martin** **LSE:AVCT Avacta** **LSE:CAR Carclo** **LSE:FOXT Foxtons** **LSE:GRG Greggs** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:ZOO Zoo Digital** **


Updated charts published on : Aston Martin, Avacta, Carclo, Foxtons, Greggs, Hikma, HSBC, Zoo Digital,

LSE:AML Aston Martin Close Mid-Price: 169.6 Percentage Change: -1.17% Day High: 174 Day Low: 169.7

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LSE:AVCT Avacta Close Mid-Price: 94 Percentage Change: -2.08% Day High: 96 Day Low: 93.5

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LSE:CAR Carclo Close Mid-Price: 8.33 Percentage Change: -5.34% Day High: 8 Day Low: 8

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LSE:FOXT Foxtons. Close Mid-Price: 60.1 Percentage Change: + 2.74% Day High: 59.8 Day Low: 58

Target met. All Foxtons needs are mid-price trades ABOVE 59.8 to improve ……..

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LSE:GRG Greggs. Close Mid-Price: 2792 Percentage Change: + 1.45% Day High: 2804 Day Low: 2764

Target met. In the event of Greggs enjoying further trades beyond 2804, t ……..

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LSE:HIK Hikma. Close Mid-Price: 1987.5 Percentage Change: + 0.03% Day High: 2006 Day Low: 1981.5

All Hikma needs are mid-price trades ABOVE 2006 to improve acceleration t ……..

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LSE:HSBA HSBC. Close Mid-Price: 638.8 Percentage Change: + 1.95% Day High: 639.6 Day Low: 627.6

Continued trades against HSBA with a mid-price ABOVE 639.6 should improve ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 28.75 Percentage Change: -3.36% Day High: 29.75 Day Low: 28.75

Weakness on Zoo Digital below 28.75 will invariably lead to 24.5p with se ……..

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

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