{"id":1245,"date":"2019-10-01T23:16:24","date_gmt":"2019-10-01T22:16:24","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1245"},"modified":"2019-10-02T07:33:29","modified_gmt":"2019-10-02T06:33:29","slug":"lloyds-for-2-10-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/10\/01\/lloyds-for-2-10-2019\/","title":{"rendered":"Lloyds for 2\/10\/2019"},"content":{"rendered":"\n

#France #Nasdaq <\/strong>We moan, every month, when trying to write something useful about the UK’s retail banks. Now, the discovery of something worse has brought a surprising level of cheer. When a key component to mans survival fails, a sharp reminder of what’s important in life is quickly delivered. In the interests of transparency, I’ve “form” with dishwashers, recently going through two replacements in a single year!<\/p>\n\n\n\n

This time, the problem was rather more than simply sharing a house with the devils machine. Instead, an ill advised attempt to clean spray nozzles completed with a disaster of broken bits of plastic. Apparently a YouTube video with instructions for Electrolux did not mean a Bendix machine was the same. Between the kitchen and computer, I forgot the make of current washer. Thoughts on Lloyds Bank subsided while trying to glue and clamp a myriad of parts together again. Finding the manual, once I’d completed damaging the machine, proved the final humiliation. It even provided pictorial instructions.<\/p>\n\n\n\n

\n\nLloyds share price, alas, is something without pictorial instruction…<\/p>\n\n\n\n

\n\nWhen we last reviewed Lloyds (link<\/a><\/strong>), \nwe proposed a movement to 54p, something successfully achieved and even \nexceeded. Alas, the share price is treating this target level as something \nimportant, surfing above and below the 54p level while awaiting some sort of \nguideline for the future. <\/p>\n\n\n\n

\n\nAt this point, people increasingly write “Thanks, Boris” as explanation for \nconfusion. <\/p>\n\n\n\n

\n\nAll joking aside, the share price has returned, miraculously, above the long \nterm uptrend. In normal times of sanity, this is a “drop dead obvious” signal \nwhich points at real recovery but in this case, we’re not sold. Instead, there’s \na very real danger of weakness now below 53.2p leading to an initial 51p. This \nreturns the share below the trend, allowing a secondary of 48p but \nrealistically, if powered by negative sentiment, Lloyds could now hit 43.4p in a \nblink.<\/p>\n\n\n\n

For Lloyds to clamber out of trouble, it needs above 54.8 as this should power an initial 57.8p with secondary, a game changing (hopefully) 61p. Alas, at present we suspect it intends 48p next.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t
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\n\t\t10:56:36PM<\/span><\/td>\n\t\t

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\n\t\t7709<\/span><\/td>\n\t\t

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\n\t\t10:59:02PM<\/span><\/td>\n\t\t

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\n\t\tJAPAN<\/span><\/td>\n\t\t

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\n\t\tSuccess<\/span><\/td>\n\t<\/tr>\n<\/table>\n

 <\/span><\/p>\n

1\/10\/2019 FTSE Closed at 7360 points. Change of -0.65%. Total value traded through LSE was: \u00a3 7,016,145,513 a change of 8.13%<\/h>\n","protected":false},"excerpt":{"rendered":"

#France #Nasdaq We moan, every month, when trying to write something useful about the UK’s retail banks. Now, the discovery of something worse has brought a surprising level of cheer. When a key component to mans survival fails, a sharp reminder of what’s important in life is quickly delivered. In the interests of transparency, I’ve … <\/p>\n

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