A Stop Loss of just 108p should satisfy our rules for the future! We don’t ever kick off an analysis with such ridiculous statements but Lloyds share price makes it very difficult to avoid exuding some optimism for the longer term, though to be fair, our stricter rules demand the price actually closes below 108p. The banks fairly recent Earnings Report tends confirm our thoughts, their profits up a ‘meagre’ 23% year on year and the return on tangible equity up by 17.1%. Until now, Lloyds share price seems to have avoided optimism, managing an increase of roughly 15% since the start of this year. We would have anticipated the rumours about “record breaking” financials, along with the prior lessons from other international banks, would be exerting greater positive pressure on the share price but the opposite feels like it’s true.
The ‘high regard’ in which the UK retail banks are held looks like it remains in place among investors, though we do suspect the UK bank shall eventually follow the trajectory of international banks.
Continuing on from our opening statement, the immediate situation calculates with the potential of movement above 117.5p apparently capable of a visit to an initial 122p with our longer term secondary, if exceeded, at a distant sounding 137p. These ambitions make some sense, when we look abroad at the US and European financial sector behaviour.
Should things intend go wrong, below 113p looks capable of ticking the first box for some trouble, suggesting the potential of weakness coming to an initial 105p with our secondary, if broken, at 100p. These target levels risk becoming a problem as closure below 108p would become a distinct possibility. This would also muddy the waters, ruining our calculations for the long term.
For now, it’s officially fingers crossed time!
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 10:18:20PM | BRENT | 8739.9 | 8474 | 8330 | 8138 | 8667 | 8826 | 8924 | 9074 | 8650 |
| 10:20:05PM | GOLD | 4373.61 | ||||||||
| 10:36:31PM | FTSE | 10758 | ||||||||
| 10:39:03PM | STOX50 | 6547.5 | ||||||||
| 10:43:37PM | GERMANY | 26468 | ||||||||
| 10:46:17PM | US500 | 7788.2 | ||||||||
| 10:48:59PM | DOW | 53749.8 | ||||||||
| 10:51:10PM | NASDAQ | 30109.5 | 29710 | 29559 | 29352 | 30053 | 30190 | 30319 | 30722 | 30007 |
| 10:53:13PM | JAPAN | 68885 | 68117 | 67739 | 67127 | 68409 | 69000 | 69201 | 69455 | 68700 |
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:ASC Asos** **LSE:AV. Aviva** **LSE:AZN Astrazeneca** **LSE:SAGA SAGA Plc** **LSE:TRN The Trainline** **LSE:ZOO Zoo Digital** **
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Updated charts published on : Asos, Aviva, Astrazeneca, SAGA Plc, The Trainline, Zoo Digital,
LSE:ASC Asos. Close Mid-Price: 392 Percentage Change: + 0.00% Day High: 405 Day Low: 388
All Asos needs are mid-price trades ABOVE 405 to improve acceleration tow ……..
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View Previous Asos & Big Picture ***
LSE:AV. Aviva. Close Mid-Price: 726.6 Percentage Change: + 0.00% Day High: 727.4 Day Low: 705.2
Target met. Continued trades against AV. with a mid-price ABOVE 727.4 sho ……..
</p
View Previous Aviva & Big Picture ***
LSE:AZN Astrazeneca. Close Mid-Price: 11460 Percentage Change: + 0.00% Day High: 11650 Day Low: 11404
If the share price of Astrazeneca manages to move BELOW 11404, initial DO ……..
</p
View Previous Astrazeneca & Big Picture ***
LSE:SAGA SAGA Plc. Close Mid-Price: 691 Percentage Change: + 0.00% Day High: 691 Day Low: 672
If the price of SAGA Plc manages to move ABOVE 747, initial UP target beco ……..
</p
View Previous SAGA Plc & Big Picture ***
LSE:TRN The Trainline. Close Mid-Price: 254.4 Percentage Change: + 0.00% Day High: 260.4 Day Low: 250.4
In the event of TRN share price managing to exceed 260.4 (please, not an ……..
</p
View Previous The Trainline & Big Picture ***
LSE:ZOO Zoo Digital. Close Mid-Price: 14.25 Percentage Change: + 0.00% Day High: 15 Day Low: 14
Target met. The next task for Zoo Digital is to get the price above 15p ( ……..
</p
View Previous Zoo Digital & Big Picture ***
*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.
Click Epic to jump to share:LSE:AAL Anglo American** **LSE:AML Aston Martin** **LSE:AVCT Avacta** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **LSE:BME B & M** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:GRG Greggs** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:MRO Melrose** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:ONT Oxford Nanopore Tech** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:QED Quadrise** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SFOR S4 Capital** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:STAR Star Energy** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **