RE: Barclays raises Lloyds price target to 70 pence10 Apr 2024 12:36
"Turning to the weekly chart, we see that the LLOY stock price has been in a strong bullish trend in the past few weeks. It has flipped the important resistance point at 51.40p into a support level. "
"The stock has moved above the 50-week and 25-week Weighted Moving Averages (WMA). Also, the Relative Strength Index (RSI) and the MACD indicator have all moved upwards".
"Therefore, the outlook for the stock is extremely bullish, with the next point to watch being at 64.78p"
> Chart showing next resistance levels around 65p.
Break of 65p and 70-80p range opens up.
GLA