Lloyds

Jackozy, I have resistance at 50.48ish trendline and then maybe a retrace to buy the dips but someone wants this higher for sure.

www.screencast.com/t/F0xsPPqH0z


Tight Lines

SRB

That low and higher low were bang on the main uptrend support:



dl.dropboxusercontent.com/u/20815047/LLOYdaily23_04_13.gif

Only question is: will it fill the gap up from yesterday? Thoughts welcome...

1st Quarter results due on the 30th gentlemen so we might have a little bull run should we get the 123 low confirmation.

Tight Lines

SRB

waverider2, the low of 46.8 on 19/4/13 which you have labelled a LL should be a HL
a close above 49.42 will give a HH & also a 123 low breakout

lol just testing

Anyway, my short term view on BANKS are very bullish at the moment.

Lloyds in particular has seen a failed move to the downside IMHO so just waiting to see if the trendline breaks. There seems to be some bullish momentum.
Judging by the last rally - the banks were rallying first and we could just be seeing the same ??

My take on Lloyds:
dl.dropboxusercontent.com/u/4385922/Lloyds.png

As usual, please share your thoughts...

cheers

Perfectly!



Thank you!