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TOPIC: Lloyds

Lloyds 17 Apr 2013 20:15 #51

  • remo
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Hi Anne

This bounced of the main up trend line last week perfectly. If the trend line breaks and the price finishes below then it could open up 38p and then you need to look at the fibs for support.. The trend line currently is at 47p. This is currently producing lower highs so thats a bit bearish.
So as long as its above that trend line there is a chance this can go higher.
Look at the rsi for clues of this going higher as if it breaks the trend line on that then it may signal a move higher but ultimately it would be nice to have a 123 low as well to break the lower highs.

support...47(trend line),,44(38.2 fibs),,40.91(gap),,40.6(50%fib),,38,,36.8(61.8fib)
resistance....49.83,,51.38,,56.15,,58.05(gap)

Information Purposes Only, Do Your Own Research
remo
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The following user(s) said Thank You: annes goal, waverider2

Lloyds 17 Apr 2013 12:44 #52

  • annes goal
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Hello - is there a very, very, very kind soul out there who will help me with a current interpretation of Lloyds please?? It's driving me nuts :blink: and - as you know - I'm pretty useless as far as TA is concerned!

PLEASE??

Thanks
Anne
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