Medium term view - LEGAL & GENERAL GRP : The moving average is supporting prices.
The trend is still bullish, but it could slow down. Indicators are overbought. The next target is at 341.78 p. The invalidation level is below 254.00 p.Arguments :
- The major resistance has been breached.
- Prices made a new all-time-high, this confirms the strength of the...
Legal & General Group is a holding company. Through its subsidiaries, Co. operates in five business segments: Legal & General Retirement, which includes pension risk transfer business and individual retirement and lifetime mortgages; Legal & General Capital, which represents shareholder assets invested in direct investments, and traded and treasury assets; Legal & General Investment Management, which represents institutional and retail investment management and workplace savings businesses; Legal & General Insurance, which includes business in retail and group protection written in the U.K.; and General Insurance, which comprises short-term household and other personal insurance.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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