Investamate

Lloyds - Banking on a move higher.

Long
LSE:LLOY   LLOYDS BANKING GROUP ORD GBP0.1
Buy Lloyds Banking Group (LLOY.L)

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company's main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment.

Market Cap: £40Billion

Lloyds gapped higher this morning and looks set to close outside of the wedge pattern that has formed on the daily chart. A continuation higher looks possible. The next major resistance to target is 66.8p.

Stop: 55.5p
Target 1: 66.8p
Target 2: 73.50p
Target 3: 80p


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