Lloyds Banking Group (LYG) : Attempting to break through Chikou Span resistance

LYG is trying to break through the resistance of $4.03 set last week (as indicated by the green line).

My target for LYG is $5.00 as identified by the next Chikou Span.

Assuming it break through $4.03, we can see that Chikou Span face very little resistance ahead.

All we need is a little catalyst for that to happen. At the same time, I do think that LYG will consolidate at this level first before making its run to $5.

By iam802

Trend trading with Ichimoku