Lloyds Share Price Up; Targets 50p On New Partnership with MasterCard

Lloyds share price is up 2.21% on the day, as the bank looks to forge new partnerships to grow its business and social responsibility imprint.
The bank is launching a digital and financial skills program known as the “Nobody in the Dark” campaign. This campaign is being launched in partnership with MasterCard, Clean Slate and Good Things Foundation and aims to support groups suffering financial and digital exclusion. This group was particularly vulnerable during the COVID-19 pandemic.

The program will run from 20 centres in the UK, targeting low-income populations with little digital skills and no access to financial tools with a digital foundation. This program comes when the bank is gearing up for another phase of the easing of lockdowns across the UK to be announced by the UK PM today.

Technical Outlook for Lloyds Share Price

Lloyds share price is set to challenge the resistance at 48.125. A breakout above this level targets the 49.205 resistance, with 50.435 and 51.020 standing firm as the additional upside targets.

On the other hand, a rejection at 48.125 allows for a pullback, targeting 46.615 as the initial downside target. This price level could be the floor if price decides to range trade, with 48.125 serving as the ceiling. Only a breakdown of 46.615 allows a deepening of the correction, targeting 44.99 and 43.845 in the process as support targets to the south.

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

Lloyds Share Price: Daily Chart

Follow Eno on Twitter.

Related Posts: