{"id":1444,"date":"2019-12-17T23:36:09","date_gmt":"2019-12-17T23:36:09","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1444"},"modified":"2019-12-18T08:21:50","modified_gmt":"2019-12-18T08:21:50","slug":"lloyds-banking-group-18-12-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/12\/17\/lloyds-banking-group-18-12-2019\/","title":{"rendered":"Lloyds Banking Group 18\/12\/2019"},"content":{"rendered":"\n

#France #Japan As we enjoy the agony of our last monthly review of Lloyds for this decade, we can reflect, quite happily, on the successful movement (link) to our “breakout” target level at 68p. Curiously, the share price has not yet actually closed above this level, so the Lloyds party popper remains unpulled!<\/p>\n\n\n\n

By any normal standards, we’ve be cheerfully now \nproposing 85p as the next major target level but there are a couple of issues to \nremember. <\/p>\n\n\n\n

Firstly, this is a retail bank with share price \nmovements often holding a closer correlation to the weather report, rather than \nany hard and fast logic. Secondly, the price has not closed above our 68p level, \nsomething we regard as critical to confirm a change of trend. And third, the \nshare price, similar to Barclays, was gapped up above the trend. Our fear of a \nGaGa scenario remains solid with the implication of Lloyds being “gapped” below \nthe trend creating a scenario of reversal to 33p!<\/p>\n\n\n\n

When we review price movements in the period since the \ndecisive Conservative election victory, the real hope of clarity in the \ncountries political future suggests anything near term above 70p should increase \nLloyds price to an initial 74p with secondary, if bettered, up at 77p. Better \nstill, should the share manage to actually close a session above 68p, our longer \nterm ambition at 85p becomes a reality.<\/p>\n\n\n\n

Unfortunately, this is the end of the good news. \nWeakness now below 62p risks reversal down to an initial 58p. If broken, \nsecondary is at 51p. We shall not find this sort of thing too alarming, simply \ntrading the price below the downtrend since 2009 (again), essentially parking it \nuntil a suitable excuse is discovered for some proper upward travel. As \nmentioned previously, we shall be extremely alarmed if the market now finds an \nexcuse to gap the price back below the trend. This sends one of the worst \nsignals possible.<\/p>\n\n\n\n

\"Hey,<\/figure>\n\n\n\n\n
\n\t

Time Issued<\/font><\/td>

\n\t

Market<\/font><\/td>

\n\t

Price At Issue<\/font><\/td>

\n\t

Short Entry<\/font><\/td>

\n\t

Fast Exit<\/font><\/td>

\n\t

Slow Exit<\/font><\/td>

\n\t

Stop<\/font><\/td>

\n\t

Long Entry<\/font><\/td>

\n\t

Fast Exit<\/font><\/td>

\n\t

Slow Exit<\/font><\/td>

\n\t

Stop<\/font><\/td>

\n\t

Prior<\/font><\/td> <\/TR>\nFUTURES<\/font><\/a>

\n\t

10:01:04PM<\/font><\/td>

\n\t

BRENT<\/font><\/td>

\n\t

65.32<\/font><\/td>

 <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td> \n\t

‘cess<\/font><\/td> <\/TR>\n

\n\t

10:03:14PM<\/font><\/td>

\n\t

GOLD<\/font><\/td>

\n\t

1476.71<\/font><\/td>

 <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td> \n\t

<\/td> <\/TR>\n

\n\t

10:12:14PM<\/font><\/td>

\n\t

FTSE<\/font><\/td>

\n\t

7524.5<\/font><\/td>

 <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td> \n\t

<\/td> <\/TR>\n

\n\t

10:13:40PM<\/font><\/td>

\n\t

FRANCE<\/font><\/td>

\n\t

5969<\/font><\/td>

\n\t

5952<\/font><\/td>

\n\t

5938.5<\/font><\/td>

\n\t

5917<\/font><\/td>

\n\t

5978<\/font><\/td>

\n\t

5995<\/font><\/td>

\n\t

6002.5<\/font><\/td>

\n\t

6019<\/font><\/td>

\n\t

5960<\/font><\/td>

\n\t

<\/td> <\/TR>\n

\n\t

10:17:40PM<\/font><\/td>

\n\t

GERMANY<\/font><\/td>

\n\t

13283<\/font><\/td>

 <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td> \n\t

‘cess<\/font><\/td> <\/TR>\n

\n\t

10:19:40PM<\/font><\/td>

\n\t

US500<\/font><\/td>

\n\t

3193.15<\/font><\/td>

 <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td> \n\t

<\/td> <\/TR>\n

\n\t

10:21:49PM<\/font><\/td>

\n\t

DOW<\/font><\/td>

\n\t

28294<\/font><\/td>

 <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td> \n\t

<\/td> <\/TR>\n

\n\t

10:24:20PM<\/font><\/td>

\n\t

NASDAQ<\/font><\/td>

\n\t

8577.75<\/font><\/td>

 <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td>  <\/td> \n\t

‘cess<\/font><\/td> <\/TR>\n

\n\t

10:26:39PM<\/font><\/td>

\n\t

JAPAN<\/font><\/td>

\n\t

24042<\/font><\/td>

\n\t

24016<\/font><\/td>

\n\t

23977.5<\/font><\/td>

\n\t

23918<\/font><\/td>

\n\t

24070<\/font><\/td>

\n\t

24075<\/font><\/td>

\n\t

24084.5<\/font><\/td>

\n\t

24120<\/font><\/td>

\n\t

24025<\/font><\/td>

\n\t

<\/td> <\/TR>\n\n<\/TABLE>\n\n

17\/12\/2019 FTSE Closed at 7525 points. Change of 0.08%. Total value traded through LSE was: \u00a3 8,377,255,941 a change of -3.48%<\/h><\/p>\n
16\/12\/2019 FTSE Closed at 7519 points. Change of 2.26%. Total value traded through LSE was: \u00a3 8,678,908,281 a change of -19.58%<\/h><\/p>\n
13\/12\/2019 FTSE Closed at 7353 points. Change of 1.1%. Total value traded through LSE was: \u00a3 10,792,434,555 a change of 97.15%<\/h><\/p>\n
12\/12\/2019 FTSE Closed at 7273 points. Change of 0.79%. Total value traded through LSE was: \u00a3 5,474,098,560 a change of -29.24%<\/h><\/p>\n
11\/12\/2019 FTSE Closed at 7216 points. Change of 0.04%. Total value traded through LSE was: \u00a3 7,735,942,999 a change of 44.42%<\/h><\/p>\n
10\/12\/2019 FTSE Closed at 7213 points. Change of -0.28%. Total value traded through LSE was: \u00a3 5,356,569,029 a change of 11.8%<\/h><\/p>\n
9\/12\/2019 FTSE Closed at 7233 points. Change of -0.08%. Total value traded through LSE was: \u00a3 4,791,115,303 a change of -0.49%<\/h><\/p>\n\n\n","protected":false},"excerpt":{"rendered":"

#France #Japan As we enjoy the agony of our last monthly review of Lloyds for this decade, we can reflect, quite happily, on the successful movement (link) to our “breakout” target level at 68p. Curiously, the share price has not yet actually closed above this level, so the Lloyds party popper remains unpulled! By any … <\/p>\n

Continue reading “Lloyds Banking Group 18\/12\/2019”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1444","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/comments?post=1444"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1444\/revisions"}],"predecessor-version":[{"id":1445,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1444\/revisions\/1445"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1444"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}