Hi, Thanks. Agreed. It seems likely UK banks have higher to go, with inevitable dips, maybe filling gaps from 23/06. Some resistance here at circa 168, so no counting chickens, but also not surprising in view of strength of recent gains. ;o)
There also lurks some danger later with many indices looking toppy & general recovery in commodities stagnating.
Playing this one with sensible stakes, mindful of further retrace possible. - Regards & GL.
Reasons: Premeditated re-add lower than last recent sell. Appears to be a lull in buying, probably for a bit of profit-taking.
Not entirely convinced it won’t go lower still, but also a few recent indicators, not least improving sector sentiment, for thinking UK banks may have further to rise before stronger resistance is met.
Gaps above & below so would only add once more if closer to 160 seen.
Kosso, Agree, circa 73 seems doable. I've a similar target for LLOY. Targeting gap at 72+ from 23/06, which may be slightly overshot. That'd do me. LLOY fundamentally sound, without the added global risks all investment banks carry.
Mind, I still hold 2 buys here also & targeting a leveraged long re-entry if it retraces. some. - Cheers. Catch all later.
Kosso, Thanks. I did the same as you a few days ago. Sold some BARC shares & bought more LLOY immediately. Hold LLOY at 51.71 & 53.35. So far, I'm very pleased with their performance overall. - Regards & GL.
I don't get this. Regardless of whether one was a 'Remainer' or 'Leaver'... the decision has been taken. I see the Remainers whining on about this in all forums (the 'Leavers' would also no doubt have done the same if the decision had gone the other way). Why? What's the point? move on... nothing to see here. And it amuses me that Great Britain was portrayed as this small insignificant nation that would be left helpless and shattered without support of 'Big Brother'. Tell me.. how many countries' decisions would have had an impact on the currency, Gold/silver and Equity markets around the world.. from Tokyo to New York? Only a handful, I'd say. Stop running our country down. As foreign born and often living in my country of origin over the years... I am in a better position than most to be thankful for being British... in a thousand different ways, large and small.
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