#Gold #LloydsBank We didn’t skip our three weekly coverage of Lloyds because Easter Monday was a holiday. Because we also got to enjoy a holiday off, our retail bank Monday simply didn’t happen and was utterly forgotten about. However, the share is starting to show some signs of becoming interesting (along with our members of the financial sector) with a result we’re taking a “better late than never” stance, if only due to our target numbers changing.
There’s certainly some excitement, perhaps a bit muted, over Lloyds finally breaking the 50p level, even though the movement was carried out by a little bit of manipulation, the share price being gapped up from 50 to 51.1p as March drew toward a close. While some sectors of the financial press as positively drooling at this movement, one even inventing 70p as the next major target, our inclination is to rely on our software as historically it has proven pretty reliable in mapping the retail banks.
Now above just 52.5p currently looks capable of triggering fairly near term gains to an initial 55.5p and perhaps some hesitation, given the share prices behaviour at such a level since 2022. Our longer term secondary, if 55.5p is exceeded, works out at 60.5p and a price level where our logic demands witnessing the share price closing at such a level before being confident of a reasonable future. The 60.5p level is a big deal, marginally exceeding the high pre-pandemic and only once the price actually closes above such a point does it become very probable happier days are ahead.
One mildly important facet of Lloyds current movements is represented by the Blue line on the chart below. This Blue crayon mark shows a downtrend which dates back to the financial crisis of 2009 and for some reason, the market appears to be currently treating it as important, given price movements during the most recent 7 sessions. We can argue closure around the 60.5p level shall be significant, suggesting the price has broken free from the gloom of the big market crash and the doom of the Covid-19 era.
This being the case, we can easily shift into “big picture” mode and suggest ignoring any pundits promoting the idea of a 70p target level. Instead, we are able to calculate a future 89.6p as a viable future ambition.
Of course, this is a retail bank, always at the mercy of politicians, economists, and other circus clowns. As a result, below 50p shall now be viewed as dangerous, giving the potential of reversal to an initial 47.3p with our secondary, if broken, at 46p and a hopeful bounce. One other thing worth remembering, if you wake up during the next few weeks and the market as chosen to gap Lloyds down at the open for any reason, there’s a reasonable excuse for some panic. But for now, we’re quite hopeful.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:04:56PM | BRENT | 8917.8 | |||||||||
| 9:07:14PM | GOLD | 2297.3 | 2265 | 2254 | 2239 | 2276 | 2299 | 2301 | 2313 | 2289 | ‘cess |
| 9:10:24PM | FTSE | 7926 | ‘cess | ||||||||
| 9:12:53PM | STOX50 | 5064.1 | |||||||||
| 9:14:49PM | GERMANY | 18361 | |||||||||
| 9:19:59PM | US500 | 5218.6 | |||||||||
| 10:52:39PM | DOW | 39162.9 | |||||||||
| 10:55:42PM | NASDAQ | 18178.5 | 18032 | 17971 | 17880 | 18116 | 18242 | 18331 | 18440 | 18138 | ‘cess |
| 10:58:13PM | JAPAN | 39979 |
3/04/2024 FTSE Closed at 7937 points. Change of 0.03%. Total value traded through LSE was: £ 6,056,901,297 a change of -5.31%
2/04/2024 FTSE Closed at 7935 points. Change of -0.21%. Total value traded through LSE was: £ 6,396,592,284 a change of 13.98%
28/03/2024 FTSE Closed at 7952 points. Change of 0.26%. Total value traded through LSE was: £ 5,611,823,607 a change of -19.65%
27/03/2024 FTSE Closed at 7931 points. Change of 0.01%. Total value traded through LSE was: £ 6,984,265,081 a change of 6.21%
26/03/2024 FTSE Closed at 7930 points. Change of 0.16%. Total value traded through LSE was: £ 6,575,880,287 a change of 25.5%
25/03/2024 FTSE Closed at 7917 points. Change of -100%. Total value traded through LSE was: £ 5,239,616,873 a change of 0%
22/03/2024 FTSE Closed at 7930 points. Change of 0%. Total value traded through LSE was: £ 5,861,635,918 a change of 0% 
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:CEY Centamin** **LSE:CPI Capita** **LSE:EMG MAN** **LSE:ITV ITV** **LSE:MMAG Music Magpie** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:TLW Tullow** **
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Updated charts published on : Barclays, Centamin, Capita, MAN, ITV, Music Magpie, Natwest, Ocado Plc, Tullow,
LSE:BARC Barclays. Close Mid-Price: 188.54 Percentage Change: + 2.40% Day High: 189.22 Day Low: 183.52
Further movement against Barclays ABOVE 189.22 should improve acceleratio ……..
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View Previous Barclays & Big Picture ***
LSE:CEY Centamin. Close Mid-Price: 117.2 Percentage Change: + 2.00% Day High: 117.7 Day Low: 114
In the event of Centamin enjoying further trades beyond 117.7, the share ……..
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View Previous Centamin & Big Picture ***
LSE:CPI Capita Close Mid-Price: 12.5 Percentage Change: -2.95% Day High: 13.04 Day Low: 12.48
Target met. If Capita experiences continued weakness below 12.48, it will ……..
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View Previous Capita & Big Picture ***
LSE:EMG MAN. Close Mid-Price: 274 Percentage Change: + 3.01% Day High: 274.4 Day Low: 265.2
In the event of MAN enjoying further trades beyond 274.4, the share shoul ……..
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View Previous MAN & Big Picture ***
LSE:ITV ITV. Close Mid-Price: 74.85 Percentage Change: + 1.77% Day High: 75 Day Low: 73
All ITV needs are mid-price trades ABOVE 75 to improve acceleration towar ……..
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View Previous ITV & Big Picture ***
LSE:MMAG Music Magpie Close Mid-Price: 7 Percentage Change: -2.10% Day High: 7.15 Day Low: 6.75
In the event Music Magpie experiences weakness below 6.75 it calculates w ……..
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View Previous Music Magpie & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 272.7 Percentage Change: + 2.10% Day High: 273 Day Low: 266.4
All Natwest needs are mid-price trades ABOVE 273 to improve acceleration ……..
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View Previous Natwest & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 439.3 Percentage Change: + 0.78% Day High: 443.3 Day Low: 426.5
Continued weakness against OCDO taking the price below 426.5 calculates a ……..
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View Previous Ocado Plc & Big Picture ***
LSE:TLW Tullow. Close Mid-Price: 33.48 Percentage Change: + 1.76% Day High: 33.38 Day Low: 32.28
In the event of Tullow enjoying further trades beyond 33.38, the share sh ……..
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View Previous Tullow & Big Picture ***