Royal Bank of Scotland (LSE:RBS) #RBS #DAX #GOLD An image of the captain of the Titanic, mentally repeating the Mrs May’s mantra “Strong & Stable” while facing down a behemoth iceberg is difficult to ignore. Equally, this lots share price is losing momentum with similar speed to our UK PM losing government ministers.
RBS now appears to have met its iceberg and we must assume continued weakness breaking 240p shall doubtless make a visit to 231p where a bounce, probably short lived, is expected. Our secondary target, in the belief 231p is broken, calculates down at 212p, perhaps even 204p thanks to several opening second price manipulation gaps. However, it would be reasonable to expect some sort of real bounce to occur before the 2 quid level appears. We should also point out a major issue exists if the price makes it below 204p as travel down to 177p becomes pretty close to certain eventually!
What is needed to get out of this mess?
If the price somehow recovered above RED, currently 270p, some fairly significant hope is possible as while a bonk against the BLUE lines at 278p looks certain, the secondary is a trend breaking, game changing 311p.
The scary little detail comes from the two innocent RED circles this year, a classic GapUpGapDown strategy as it imparted sufficient weakness for 212p eventually.
|
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
|
|
9:34:30PM |
BRENT |
73.98 |
Success |
|||||||||
|
9:36:57PM |
GOLD |
1241.91 |
1241 |
1238 |
1234.03 |
1251 |
1256 |
1259.75 |
1266 |
1246 |
‘cess |
|
|
9:45:44PM |
FTSE |
7597.42 |
Success |
|||||||||
|
9:51:34PM |
FRANCE |
5357.7 |
‘cess |
|||||||||
|
9:59:37PM |
GERMANY |
12427 |
12388 |
12323.5 |
12218 |
12490 |
12644 |
12716 |
12784 |
12450 |
Success |
|
|
10:07:27PM |
US500 |
2773.52 |
‘cess |
|||||||||
|
10:09:16PM |
DOW |
24724 |
Success |
|||||||||
|
10:13:28PM |
NASDAQ |
7236.12 |
Success |
|||||||||
|
10:15:57PM |
JAPAN |
22010 |
Success |
11/07/2018 FTSE Closed at 7591 points. Change of -1.31%. Total value traded through LSE was: £ 6,383,168,183 a change of 6.72%
10/07/2018 FTSE Closed at 7692 points. Change of 0.05%. Total value traded through LSE was: £ 5,981,269,158 a change of 5.33%
9/07/2018 FTSE Closed at 7688 points. Change of 1.04%. Total value traded through LSE was: £ 5,678,830,364 a change of 4.7%
6/07/2018 FTSE Closed at 7609 points. Change of 0.08%. Total value traded through LSE was: £ 5,423,999,959 a change of -1.7%
5/07/2018 FTSE Closed at 7603 points. Change of 0.4%. Total value traded through LSE was: £ 5,517,754,349 a change of 31.11%
4/07/2018 FTSE Closed at 7573 points. Change of -0.26%. Total value traded through LSE was: £ 4,208,633,198 a change of -43%
3/07/2018 FTSE Closed at 7593 points. Change of 0.61%. Total value traded through LSE was: £ 7,383,714,945 a change of 16.1%
SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.
Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION
Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.
UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.
We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…
Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!
Click Epic to jump to share: LSE:AV. Aviva** **LSE:EMG MAN** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GKP Gulf Keystone** **LSE:RBS Royal Bank Scot** **LSE:RED REDT** **LSE:RMG Royal Male** **LSE:SXX Sirius Mins** **LSE:TCG Thomas Cook Group** **
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Updated charts published on : Aviva, MAN, Foxtons, Fresnillo, Gulf Keystone, Royal Bank Scot, REDT, Royal Male, Sirius Mins, Thomas Cook Group,
LSE:AV. Aviva Close Mid-Price: 488.5 Percentage Change: -1.91% Day High: 496.3 Day Low: 486.3
2018=70
Target Met or near enough as below 484 tends suggest travel to 465 where a ……..
View Previous Aviva & Big Picture ***
LSE:EMG MAN Close Mid-Price: 174.05 Percentage Change: -1.67% Day High: 177 Day Low: 171.85
2018=35
While, by a tiny margin, this avoided closing below 174, we’re not entirel ……..
View Previous MAN & Big Picture ***
LSE:FOXT Foxtons Close Mid-Price: 47.55 Percentage Change: -5.09% Day High: 49.7 Day Low: 48.25
2018=35
Below 47 remains with the prospect of 44 presenting a point where it must ……..
View Previous Foxtons & Big Picture ***
LSE:FRES Fresnillo Close Mid-Price: 1101 Percentage Change: -2.95% Day High: 1125.5 Day Low: 1097
2018=35
Weakness below 1097 indicates travel continuing toward 1018 next. If broke ……..
View Previous Fresnillo & Big Picture ***
LSE:GKPLSE:GKP Gulf Keystone. Close Mid-Price: 264 Percentage Change: + 0.00% Day High: 269.5 Day Low: 256.5
2018=10
Above 270 is still viewed as probably heading uphill to 300 initially with ……..
View Previous Gulf Keystone & Big Picture ***
LSE:RBSLSE:RBS Royal Bank Scot. Close Mid-Price: 245 Percentage Change: + 0.16% Day High: 245.2 Day Low: 240
2018=7
Target Met. That took its sweet time. Our headline piece suggests 231p nex ……..
View Previous Royal Bank Scot & Big Picture ***
LSE:REDLSE:RED REDT. Close Mid-Price: 4.9 Percentage Change: + 0.00% Day High: 4.92 Day Low: 4.85
2018=23
This is pretty grim as below 4.8 looks like 4.05 with some bounce potentia ……..
View Previous REDT & Big Picture ***
LSE:RMG Royal Male Close Mid-Price: 481.2 Percentage Change: -1.31% Day High: 486.1 Day Low: 475.9
2018=23
Continued postage below 475 suggests further weakness to 460 but realistic ……..
View Previous Royal Male & Big Picture ***
LSE:SXX Sirius Mins Close Mid-Price: 33.4 Percentage Change: -0.30% Day High: 33.62 Day Low: 33.08
2018=23
Outlook is unchanged, not matter how often we check! Now above 35.1p and t ……..
View Previous Sirius Mins & Big Picture ***
LSE:TCG Thomas Cook Group Close Mid-Price: 100.1 Percentage Change: -5.57% Day High: 105.8 Day Low: 98.6
2018=35
Target Met. This has gotten twitchy as below 98 suggests continued weaknes ……..
View Previous Thomas Cook Group & Big Picture ***
*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.
Click Epic to jump to share:LSE:AFC AFC Energy** **LSE:AGM Applied Graph.** **LSE:AMER Amerisur** **LSE:ASC Asos** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:BPC Bahamas Pet** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:GENL Genel** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:KAZ Kaz Minerals** **LSE:LLOY Lloyds Grp.** **LSE:LMI LonMin** **LSE:MKS Marks and Spencer** **LSE:MOS Mobile Streams** **LSE:NG. National Glug** **LSE:NIPT Premaltha** **LSE:OPG OPG Power Ventures** **LSE:OXIG Oxford Instruments** **LSE:PMG Parkmead** **LSE:PMO Premier** **LSE:POG Petrop etc** **LSE:POL Polo Resources** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:QFI Quadrise** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:RTHM Rythm One** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SHP Shire** **LSE:STAN Standard Chartered** **LSE:SUMM Summit** **LSE:TAN Tanfield** **LSE:TLW Tullow** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:UKOG UK Oils and Gas** **LSE:VEC Vectura** **LSE:VED Vedanta** **LSE:VOD Vodafone** **LSE:VOG VICTORIA** **LSE:WTG Watchstone** **LSE:ZOL Zoldav** **
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Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!
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Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Trends and Targets Ltd, Shareprice, or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.