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
No comments:
Post a Comment