LLOY being a good buy at IH&S highs?Lloyds Bank - 30d expiry- We look to Buy at 43.71 (stop at 41.98)
Broken out of the Head and Shoulders formation to the upside.
Previous resistance at 43.70 now becomes support.
We look for a temporary move lower.
Support is located at 43.70 and should stem dips to this area.
Daily signals are mildly bullish.
Expect trading to remain mixed and volatile.
A break of support at 45.30 should lead to a more aggressive move lower towards 43.70.
Our profit targets will be 47.88 and 48.88
Resistance: 47.35 / 48.00 / 49.85
Support: 45.30 / 43.70 / 43.00
Disclaimer – Saxo Bank Group.
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