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Tuesday, February 18, 2014

Annual Trading Forecast on Lloyd’s Banking Group (2014)

Lloyd’s shares (LSE:LLOY) are currently going south, but the southward move is expected to be limited. This is a strong bearish correction in what is a great opportunity to go long with a good bargain.

Interestingly, the price has recently refused to close below the EMA 21, while the Williams’ % Range noses upwards. The bearish correction thus has a stubborn hurdle at the support level of 75.0. Meanwhile, the price could reach the resistance level at 100.00 this year.

Conclusion:  Lloyd’s shares would recover the loss it has sustained this year and they would go further higher. A positive expectancy trading approach that has a satisfactory hit rate could bring huge gains when the markets favor it. Conversely, in cases in which the markets do not favor it, it is possible to recover the roll-downs, but it takes time and lots of perseverance.

This forecast is ended with the quote below:

“When you enter a trade and don’t have set boundaries on exiting the trade, or are not working with fixed take profits and stop-losses, it becomes harder for you to take
any losses. And trading, however, is not about winning every time. In terms of money management, it is about simple math, where your profits have to outweigh your
losses and your ability to thoughtfully balance them.” – Jurina Novotna (Source: Tradersonline-mag.com)


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Eye-opening trading lessons: Lessons from Expert Traders


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