Since 22nd of March, Legal & General has climbed its way higher. Next resistance level now sits at 256p. Also, worth noting the dividends the firm pays to its investors

Taking a look at Legal and General again. The last time we looked at this stock was on March 22^nd, we can see that since then the price has managed to find various levels of support as it climbed its way higher above the resistance points. We can see support at 228p (23.6% Fib), at 236p (38.2% Fib) then at 242p (50% Fib) and finally at 248p (61.8% Fib). The next level of resistance now sits at 256p (76.4% fib), a break above this level may see a rise towards 269p, which will be a tough point to overcome. At this moment in time, there is plenty of support below and the bias of the sentiment can be viewed as bullish. Only a break and close below the 38.2% fib would be a possible suggestion of a change in sentiment. Looking at the technical indicators, MACD is positive and so is RSI as it reads 57. A factor worth noting when investing in Legal and General, the company does offer a consistent dividend for its investors. From April 2019 to April 2023, on average it has paid out a dividend of 6.92% annually.