Lloyds stock (LSE:LLOY) is not an attractive market at the moment. The choppy and volatile price is a pain to the speculator, except one waits for the price to start moving in a determined manner. The high volatility and choppy conditions happened last year and they are also happening this year, though the price is slightly downwards.
4 EMAs are used for this forecast and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left side of the chart. The current market outlook is slightly downwards, with the price essentially below the EMA 200, signifying the conspicuous present of bears. The price slashes randomly around the EMAs 10, 20 and 50, but remains below the EMA 200.
Should the price fail to stay below the EMA 200, a Golden Cross could be the end of the present rough market and things may turn bullish. Until then, it is better to stay away from this turbulent market.
Learn from the Generals of the Markets: Market Generals
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