andyfuller wrote:The downtrend LLOY have been in since Feb 2011 seems to have come to an end as shown on the Daily chart.
andyfuller wrote:It now seems to be in an upwards trend as shown on both charts.
andyfuller wrote:However, there are several resistance levels it will be encountering.
andyfuller wrote:The current one is at 30.2p it has tested this level a few time in the last few days and failed to break it.
andyfuller wrote:No one can ever know as no one can see into the future. But if you wish to trade you need to take a view and that is what I did with the above.
andyfuller wrote:So when I say the down trend has come to an end that is my opinion. If you don't take a view at some stage you will never enter a trade with a view to profit.
andyfuller wrote:You say my analysis is likely to be no better than random, why?
andyfuller wrote:And do you have a view about what is going to happen with Lloyds share price?
andyfuller wrote:If you are predictive or reactive you have to take a view to enter a profitable trade. You have to decide to either buy or sell.
andyfuller wrote:So no one can predict anything consistently yet he can predict that investors will remain convinced that they can predict the future.
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