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Legal & General taking out huge resistance level

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LEGAL & GENERAL GROUP ORD GBP0.025 (LSE:LGEN)  
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LSE:LGEN   LEGAL & GENERAL GROUP ORD GBP0.025
LGEN insurance breakout Momentum Indicator (MOM) buyandhold ftse100 FTSE 100 Index
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lgen insurance breakout momentum buyandhold ftse100 ukx
Legal & General is currently trading above major resistance. The break of this level suggests that the medium to long term outlook is positive from here. We will wait to see if this break can hold on the weekly chart before committing longer term. In the short term the momentum is strong and further gains could be seen. Gap resistance around 267p and the 78.6% Fibonacci level is the short term target.
Aviso legal

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