LLOY - Lloyds grp

Seems its in a right place to buy it?

Possible 123 low breakout recently. Worth a long from back test of breakout with stops below 2 point.


dl.dropboxusercontent.com/u/4899609/lloy25thaug2016.png

Hi All,
I am looking to buy LLOY in ISA for long term.
Any suggestions would be welcome.
Ta
G

Hi Paitech,

Purely from a technical perspective, i don't see any reason to be long here atm imvho......

This has gapped down below the 200 day ema line(on the daily), which could be a sign of longer term weakness here,it could be a bear trap move below the 200 day line, so at the very least buyers should wait for a few days close above that line at 64p.

imvho, i think this should continue lower possibly to the main trendline at 55p, failure could see a move the weekly trend channel target of sub 40p getting hit.
A weekly close above 64p and 66p would delay, or even cancel the bear argument.

atb, wdik, dyor,
trendfriend


lloyds daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...qjAvAMlOB8AumyGOw%3D

lloyds weekly.
uk.advfn.com/p.php?pid=chartscreenshotsh...tQME0hxW9pzyNLlcs%3D