Lloyds Bank shares eye break above 70p
The high street bank has not been immune from the tariff turmoil, but the chart gives reason for optimism. Independent analyst Alistair Strang explains.
14th April 2025 07:47
by Alistair Strang from Trends and Targets
Lloyds Banking Group (LSE:LLOY)'s share price has recently been exhibiting another example of one of our favourite things, the importance of a share price actually closing above the level of a trend break.
In the case of Lloyds, the Blue downtrend since 2009 still remains a big deal.
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Visually, the share price needs closure below 62p to foul up our calculations which now claim the share is trading in a zone where an initial 71p looks possible with our secondary, if bettered, at a game changing 81p.
Our converse argument, if Lloyds intends to shoot itself in the foot, demands the share close below 62p to enter a cycle where reversal to an initial 59p looks possible with our secondary, if broken, at 52p.
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.
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