Lloyd’s stock (LSE:LLOY) has been experiencing a good rally in recent times. Below is what is expected of the price movement for the most of this year.
On the chart, 4 Exponential Moving Averages are used. They are EMAs 10, 20, 50 and 200 (the color that stands for each EMA is indicated at the top left corner of the chart). For several months, the price has been in a significant uptrend, dotted by occasional bearish corrections. The EMAs are all supporting this view by going upwards; which is to be valid for the most part of the year 2013. Investors would, not doubt, be happy with this development. To open a new position, one would need to buy pullbacks in price, e.g., when the price touches the EMA 20 or 50. This is an instance where gains are made in a bullish mode. A speculator who employs a position trading methodology in the favor of bulls might be against those speculators who use position trading strategies in favor of bears.
This article is ended with the quote below:
“I do not have to predict the time or price. I win if the direction is correct. I only risk one per cent of my total trading capital.” – Steve Burns
No comments:
Post a Comment