Rejected at the highs, but buyers start pushing back
Lloyds Banking Group slips 0.6%, rejected at the highs as buyers start pushing back
Rejected at the highs, but buyers start pushing back
Our view last week
Lloyds Banking Group gave back 2.5% this week after a firm rejection at its 7-day high, in the 116 area: sellers took charge again, with buy volume slipping to just 30% versus 95% the week before. Money flow stays positive and the weekly MACD keeps improving, a sign of a pause inside the uptrend. The buy signal is now in its 13th week, with the gain down to +11.15% since entry.
This week's summary
Lloyds Banking Group gave back 0.6% this week, rejected again at its 7-day high with a brush against the upper edge of the daily Bollinger Band: the wall between the 111 area and the 113 area still holds. Buyers, though, are pushing back - buy volume climbs to 60% from 30% the week before - and money flow stays positive. Lloyds Banking Group stays in an uptrend, with the trade well in profit in the weekly technical analysis.
IQS Phase
63
ordinary
Signal Strength
64
medium
Sizing
STANDARD
Ranking
#13 / 61
EU-UK stocks in progress
Trade P&L %
+10.51%
from signal to today
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