Phantasmix Stock Blog

(LYG: 3.51 -0.85%) Lloyd’s

Three attempts to get above resistance.

And today it’s finally above that level. Hopefully will build support here and go on to fill the gap.

• 13ema is turning up and should cross over 34ema soon.
• Oscillators and volume look good.

Twice I referred to my (BEE: 3.39 -8.63%) target being around $4:
BEE post #1 and BEE post #2

I got out today at $3.90 (yes, seriously, 52-week high to the penny). Modest 40% return since October. Super proud because I have NEVER held anything that long with that kind of positive return

No plans to re-buy it. Got nothing against BEE, just undecided at the moment.

Next stock that I really want to succeed is (LYG: 3.51 -0.85%).

Also, liking (PCC: 7.2499 -0.23%), PMC Commercial Trust with 8%+ dividend, but unfortunately it has no options.

In addition to LYG, still watching SPX/SPY.

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(LYG: 3.51 -0.85%) – Lloyds Banking Group PLC

Very curious how LLoyd’s will work out over the next year or two. I think there’s a potential for a “multi-bagger” here.

Short-term, this is a bullish setup. I noticed it earlier, wanted to see how it would resolve. Now that upper trend line should act as support as it corrects out of the overbought condition. Volume pattern is positive.

A bear flag on S&P index. Frankly I expected something like a June bottom, but it doesn’t look like that so far. Maybe it will move up after a quick retest?

I haven’t sold anything yet, still holding March SPY puts, April SPY calls and some now-penny-stockish t*rds BEE and LYG.

Click to enlarge