Lloyds Share Price Holds Above £43 But For How Long?

Lloyds share price continued to suffer losses for the fourth day running after a massive IT glitch caused an outage on its website and apps. 

Lloyd Bank says it received more than 1000 complaints about the situation, leaving thousands of customers stranded and unable to transfer money or access their accounts. Halifax and the Bank of Scotland were also affected by the glitch. 

Lloyds share price fell 0.87% on Tuesday, after falling 4.86% on Monday as investors sold off financial stocks in the UK due to fears of a coronavirus resurgence.

Technical Levels to Watch

The daily candle has found support at the 42.995 price mark, with a slight intraday bounce. This leaves 43.845 as the price to beat for bulls. If the price breaks above this mark, a retest of 44.990 is set up. Above this level, 46.615 and 48.125 remain upside targets that bulls must break to initiate an uptrend continuation.

On the flip side, a collapse of the 42.995 support leaves the door open for bears to continue the correction towards 42.015, with 40.395 (12/22 March lows) serving as additional support.

Don’t miss a beat! Follow us on Telegram and Twitter.

Lloyds Share Price: Daily Chart

Follow Eno on Twitter.

Related Posts: