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LLOYDS BANKING GROUP ORD GBP0.1LL

LLOYDS BANKING GROUP ORD GBP0.1

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LLOY trade ideas

Lloyds updateIt's been a while since my previous update for Lloyds. If you have been following along you will know that I have been anticipating lower prices. Now that more data is being printed we can begin to suggest possible scenarios. If you are a student of Elliott Wave or Neo Wave you will know that the middle part of a correction is the hardest part to comprehend and this is where I feel Lloyds is currently. One scenario that I have is the above (which also has confluence with Barclays), where we are currently in an X wave flat which is connecting the two larger pieces of the puzzle. This has further confluence with the current economic outlook. I do not trade based on fundamentals, but it's difficult to ignore that the banking industry is set to be greatly affected by the Covid-19 pandemic. A break above the macro 0.618 with a weekly close will change my bias and I will flip long. Good luck and trade safe if you are following the banking stocks. I do feel that, if played correctly, a very good opportunity is approaching in this sector.
LSE:LLOY
by Samrhum
Lloyds updateIn a recent post I outlined my expectations for Lloyds and my bias remains. As you can see I am anticipating a combination correction. I have this in mind due to the wave extension which we experienced in early April. Whenever you have such an extended wave like this you should anticipate a complex correction (complexity always precedes or follows a wave extension). In this instance I have a W,X,Y correction. In a W,X,Y each wave will have a standard pattern, here I have W wave as flat correction (the is a Fibonacci relationship between wave A and C) and I am now anticipating a 3 wave move to bring Lloyds to the range lows. I'm currently long from the 0.786 and targeting the monthly.
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by Samrhum
3
Is Lloyds approaching the bottom of the range? In my last post I wrote about identifying and trading the range and how the patient trader will be rewarded when a range is in play. lloyds has been ranging in corrective mode since the March sell-off and is now approaching the bottom of the range. It appears to have put in a flat as a B wave (with a C wave failure). If so this is telling us that the market is weak and the lower targets are on offer. A 1/1 extension of the A wave would see Lloyds hit 26.20 pence and a C wave extension would see Lloyds hit the 0.786 of the macro move. This would be an ideal entry for a professional knife catcher! Good luck if you're trading Lloyds.
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by Samrhum
2
LLOYDS - new sell signal, lets see!Last buy trade hit our TP3 for 1:3, new sell signal has formed. For more information on our strategy please view our 'Scripts' page on our Trading view profile. Our V2 strategy shows the SL and multiple TPs on the chart too - these are customisable based on the ATR of each pair. We have set these so that TP1 is 1:1 TP2 is 1:2 TP3 is 1:3 RR. There are infinite ways to manage your trades to suit your mindset and time. Works on all instruments Directly onto your own personal trading view - all devices work Non repainting Please follow us to keep up to speed with our trading ideas, live streams (coming soon) and weekly recaps using our strategy. We are continually marking some tweaks and marginal gain improvements to continue to make this easier for our trades and even more profitable. All updates are given to our members and previous purchasers FOC . Regards Darren Blue FX
LShort
by pow_removetheguesswork
1
#LLOY ANALYSIS.. After the big drop, we see a recovery in the price of the stock.. At the point we have reached, there are indications that the positive outlook in the stock will continue.. First of all, when we look at the daily chart, we see that the downtrend has broken upwards and the price is below ma20.. Also, the RSI is now above (42) reference values, which seems very positive.. Besides these, SAR indicates a positive trend and Gator is about to generate a buy signal.. In the framework of all these positive indicators, I think there will be an upward price movement in #LLOY, as I mentioned in the chart.. We will wait and see.. Disclaimer: When it comes to stock trading, please take necessary care. Invest in your own responsibility. What I write is technical analysis. It is not investment advice.. I wish you all the best..
LLong
by OguzhanSengor
3
LLOY TREND ANALYSISwe firstly see candlesticks responding to the strong descending trendline (RED) and also a H&S pattern (BLUE BOX) both of these give a possible indication for a bearish continuation. Lastly there is a continuation wedge (BLUE) which generally results in a break out downwards. this would give even more reasoning to go short. I would take profit at around £25 the lowest price since 2012. once that price hits be sure to be looking for entry's to buy 1 once analysis is done !
L
by Jthomastrading
Lloyds - Banking on a move higher.Buy Lloyds Banking Group (LLOY.L) Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company's main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. Market Cap: £40Billion Lloyds gapped higher this morning and looks set to close outside of the wedge pattern that has formed on the daily chart. A continuation higher looks possible. The next major resistance to target is 66.8p. Stop: 55.5p Target 1: 66.8p Target 2: 73.50p Target 3: 80p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LLong
by Investamate
2