Lloyds Bank – Bulls score another brownie point

First it was the bullish price RSI divergence and now we have a confirmation of the breach of the falling trend line on the weekly chart. The weekly 50-MA is bottoming out as well.

The stock appears on track to test 70.00 levels. Bullish invalidation is seen only if the stock closes on Friday below the weekly 50-MA level of 61.53.