Lloyds Banking Group begins to make a weak bullish effort
By
Azeez Mustapha
PUBLISHED:
06 Jul 2019 @ 21:48
|
Comments (0)
|
More info about Azeez Mustapha
Lloyds Banking Group plc shares (LSE:LLOY) do not have much activity on them right now… But price is making effort to go upwards… Albeit gradually.
Price has managed to go above the EMA 21 (though there remains possibility of it going back below the EMA). The Williams’ % Range period 20 is generally pointing upwards, aiming to go into the overbought territory.
In spite of the current threat of breakdown, there remains a possibility that LLOY would go upwards. A movement above the resistance level at 60.00 would strengthen the ongoing bullish bias, while a movement below the support level at 55.00 would negate it.
Trading realities: Trading realities
CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).
This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.