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.
