{"id":5107,"date":"2024-07-15T02:45:10","date_gmt":"2024-07-15T01:45:10","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=5107"},"modified":"2024-07-15T02:45:10","modified_gmt":"2024-07-15T01:45:10","slug":"lloyds-banking-group-lselloy-around-59-1-and-more-to-come","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2024\/07\/15\/lloyds-banking-group-lselloy-around-59-1-and-more-to-come\/","title":{"rendered":"Lloyds Banking Group (LSE:LLOY) around 59.1 and more to come?"},"content":{"rendered":"

#Brent #Dax\u00a0<\/b>\u00a0Out in the garden to catch photographs of the setting sun here in Argyll, the sound of distant applause and cheers made its was across the sea. There’s a pub with a beer garden almost exactly 2 miles across the water and on a calm evening, sound really carries.\u00a0 Returning indoors in the usual panic to avoid the Scottish Midge, I commented to my wife; “Sounds like England lost whatever game they were playing!” and she replied, saying it had just finished and Spain had won.<\/span><\/p>\n

Some things about Scotland never change and soon Twitter was awash with pictures of a street party in Dundee. For those who care, here’s a picture of a nice sunset, easily missed if watching football.<\/span><\/p>\n

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It was all a refreshing change of pace from the previous night, where a brief glance at “Meghan Kelly Live” (sometimes it’s unintentionally funny) on YouTube proved riveting viewing. Minutes earlier, someone had just taken a couple of pot shots at Mr Trump, and the media was hurriedly eating itself in a frenzy to get more information, thankfully not yet at the stage of interviewing each other. The absolute venom directed at CNN reporters, one of whom tried to ridicule Trump for jumping after a couple of “pops”, made it easy to believe an uncivil war was about to break out between the news networks. The whole thing became surreal and by 4am, it was obvious aside from the live video of the shooting, nothing new was going to come out. Though the lady reporter from CNN should really be looking for a new profession very soon, one which doesn’t need a functioning brain. Perhaps a career in politics awaits her.<\/span><\/p>\n

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We can claim a recent major success with Lloyds, due to our previous analysis giving criteria by which the share price should’ve triggered an initial 58p with secondary, if bettered, at 59.5p with any movement exceeding an initial 56.1p. Neither target ambition was particularly ambitious but what we really find interesting is shown on the chart extract below. For the last six sessions, Lloyds share price has been scurrying around between our target levels, the implication being our logic is currently correct for this share. This is something which is often quite assuring, providing a degree of confidence for the future.<\/span><\/p>\n

From our perspective, we’re now inclined to assign 60.4p as our next potential trigger level, due to movement above such a point now calculating with the potential of an initial lift to 64.3p with our secondary, if beaten, now at 65.8p. According to the visuals, some hesitation should be anticipated at such highs, due to the market finally matching the highs before the pandemic plunge. For some reason, this sort of thing is proving an immediate hindrance in many rising cycles, though not all. As a result, we shall not be surprised, if this triggers, to see an attempt at the 70p level as a third level hope.<\/span><\/p>\n

Our converse scenario, if everything decides to go wrong, demands the share price move below 52p to potentially trigger reversal to an initial 50.8 with secondary, if broken, at 47p and hopefully a bottom.<\/span><\/p>\n

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FUTURES<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
Time Issued<\/span><\/td>\nMarket<\/span><\/td>\nPrice At Issue<\/span><\/td>\nShort Entry<\/span><\/td>\nFast Exit<\/span><\/td>\nSlow Exit<\/span><\/td>\nStop<\/span><\/td>\nLong Entry<\/span><\/td>\nFast Exit<\/span><\/td>\nSlow Exit<\/span><\/td>\nStop<\/span><\/td>\n<\/tr>\n
10:06:33PM<\/span><\/td>\nBRENT<\/span><\/td>\n8473.6<\/span><\/td>\n8445<\/span><\/td>\n8403<\/span><\/td>\n8334<\/span><\/td>\n8535<\/span><\/td>\n8609<\/span><\/td>\n8638<\/span><\/td>\n8723<\/span><\/td>\n8532<\/span><\/td>\n<\/tr>\n
10:08:28PM<\/span><\/td>\nGOLD<\/span><\/td>\n2410.67<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n2410<\/span><\/td>\n<\/tr>\n
10:23:26PM<\/span><\/td>\nFTSE<\/span><\/td>\n8237<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n8228<\/span><\/td>\n<\/tr>\n
10:27:16PM<\/span><\/td>\nSTOX50<\/span><\/td>\n5026.3<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n5020<\/span><\/td>\n<\/tr>\n
10:31:10PM<\/span><\/td>\nGERMANY<\/span><\/td>\n18709.4<\/span><\/td>\n18527<\/span><\/td>\n18436<\/span><\/td>\n18320<\/span><\/td>\n18575<\/span><\/td>\n18784<\/span><\/td>\n18836<\/span><\/td>\n18925<\/span><\/td>\n18714<\/span><\/td>\n<\/tr>\n
10:34:30PM<\/span><\/td>\nUS500<\/span><\/td>\n5615.3<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n5625<\/span><\/td>\n<\/tr>\n
1:04:09AM<\/span><\/td>\nDOW<\/span><\/td>\n40011.5<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n40032<\/span><\/td>\n<\/tr>\n
1:06:11AM<\/span><\/td>\nNASDAQ<\/span><\/td>\n20342<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n20436<\/span><\/td>\n<\/tr>\n
1:08:51AM<\/span><\/td>\nJAPAN<\/span><\/td>\n41308<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n41283<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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12\/07\/2024 FTSE Closed at 8252 points. Change of 0.35%. Total value traded through LSE was: \u00a3 4,166,551,953 a change of -13.98%<\/h5>\n
11\/07\/2024 FTSE Closed at 8223 points. Change of 0.37%. Total value traded through LSE was: \u00a3 4,843,565,860 a change of 2.51%<\/h5>\n
10\/07\/2024 FTSE Closed at 8193 points. Change of 0.66%. Total value traded through LSE was: \u00a3 4,725,141,160 a change of -14.23%<\/h5>\n
9\/07\/2024 FTSE Closed at 8139 points. Change of -0.66%. Total value traded through LSE was: \u00a3 5,509,291,048 a change of 31.2%<\/h5>\n
8\/07\/2024 FTSE Closed at 8193 points. Change of -0.12%. Total value traded through LSE was: \u00a3 4,199,265,800 a change of -27.16%<\/h5>\n
5\/07\/2024 FTSE Closed at 8203 points. Change of -0.46%. Total value traded through LSE was: \u00a3 5,765,215,799 a change of 61.04%<\/h5>\n
4\/07\/2024 FTSE Closed at 8241 points. Change of 0.86%. Total value traded through LSE was: \u00a3 3,579,962,751 a change of -46.51% <\/a><\/h5>\n

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.<\/span><\/span><\/p>\n

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 <\/span><\/span><\/p>\n

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.<\/span><\/span><\/p>\n

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.<\/span><\/span><\/p>\n

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…<\/p>\n

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Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares<\/h4>\n

<\/a>Click Epic to jump to share: LSE:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:OCDO Ocado Plc** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **<\/p>\n

********<\/p>\n

Updated charts published on : BALFOUR BEATTY, Block Energy PLC, IG Group, ITM Power, Ocado Plc, Sainsbury, Scancell, Tesco, Taylor Wimpey,<\/p>\n

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LSE:BBY BALFOUR BEATTY<\/span>. Close Mid-Price: 405.6 Percentage Change: + 0.75% Day High: 408.6 Day Low: 402<\/h4>\n

Target met. All BALFOUR BEATTY needs are mid-price trades ABOVE 408.6 to ……..<\/span><\/p>\n

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<\/p<\/p>\n

View Previous BALFOUR BEATTY & Big Picture ***<\/a><\/p>\n

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LSE:BLOE Block Energy PLC<\/span>. Close Mid-Price: 1.02 Percentage Change: + 0.00% Day High: 1.02 Day Low: 0.98<\/h4>\n

If Block Energy PLC experiences continued weakness below 0.98, it will in ……..<\/span><\/p>\n

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View Previous Block Energy PLC & Big Picture ***<\/a><\/p>\n

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LSE:IGG IG Group<\/span>. Close Mid-Price: 851.5 Percentage Change: + 0.00% Day High: 858.5 Day Low: 848.5<\/h4>\n

Target met. All IG Group needs are mid-price trades ABOVE 858.5 to improv ……..<\/span><\/p>\n

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View Previous IG Group & Big Picture ***<\/a><\/p>\n

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LSE:ITM ITM Power<\/span>. Close Mid-Price: 65.5 Percentage Change: + 2.50% Day High: 65.55 Day Low: 61.6<\/h4>\n

Target met. Further movement against ITM Power ABOVE 65.55 should improve ……..<\/span><\/p>\n

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<\/p<\/p>\n

View Previous ITM Power & Big Picture ***<\/a><\/p>\n

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LSE:OCDO Ocado Plc<\/span>. Close Mid-Price: 380 Percentage Change: + 0.13% Day High: 388.3 Day Low: 373.7<\/h4>\n

All Ocado Plc needs are mid-price trades ABOVE 388.3 to improve accelerat ……..<\/span><\/p>\n

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View Previous Ocado Plc & Big Picture ***<\/a><\/p>\n

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LSE:SBRY Sainsbury Close Mid-Price: 265.2 Percentage Change: -1.04% Day High: 269.6 Day Low: 265.4 <\/span><\/h4>\n

Further movement against Sainsbury ABOVE 269.6 should improve acceleratio ……..<\/span><\/p>\n

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View Previous Sainsbury & Big Picture ***<\/a><\/p>\n

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LSE:SCLP Scancell<\/span>. Close Mid-Price: 11.4 Percentage Change: + 3.64% Day High: 11.4 Day Low: 10.95<\/h4>\n

In the event of Scancell enjoying further trades beyond 11.4, the share s ……..<\/span><\/p>\n

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View Previous Scancell & Big Picture ***<\/a><\/p>\n

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LSE:TSCO Tesco<\/span>. Close Mid-Price: 318.3 Percentage Change: + 1.37% Day High: 318.1 Day Low: 314.6<\/h4>\n

Continued trades against TSCO with a mid-price ABOVE 318.1 should improve ……..<\/span><\/p>\n

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View Previous Tesco & Big Picture ***<\/a><\/p>\n

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LSE:TW. Taylor Wimpey<\/span>. Close Mid-Price: 157.05 Percentage Change: + 1.65% Day High: 157.4 Day Low: 154.25<\/h4>\n

Target met. In the event of Taylor Wimpey enjoying further trades beyond ……..<\/span><\/p>\n

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View Previous Taylor Wimpey & Big Picture *** <\/a><\/p>\n

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*** End of “Updated Today” comments on shares<\/span><\/h2>\n","protected":false},"excerpt":{"rendered":"

#Brent #Dax\u00a0\u00a0Out in the garden to catch photographs of the setting sun here in Argyll, the sound of distant applause and cheers made its was across the sea. There’s a pub with a beer garden almost exactly 2 miles across the water and on a calm evening, sound really carries.\u00a0 Returning indoors in the usual … <\/p>\n

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