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Published on 9 Jan 2017
Technical
analyst Zak Mir tells Proactive Investors that the Lloyds Banking Group
(LON:LLOY) share price can top last year’s highs over the next month or
so.
“Since Trump was elected, generally there’s a much more bullish sentiment towards banks. The hope is that he’ll ensure that there’s less red tape and regulation
“The overall pattern here is of a triangle breakout towards 64p. While we stay above that, we could see a further move towards 70p or 75p, which would be the best the shares have managed in the past year.”
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