Royal Bank of Scotland #RBS #SP500 #BRENT Our 7 weekly visit to the Royal Bank of Slow is now showing something utterly astonishing which we truly didn’t expect. A fairly significant change in price movement potentials!
Don’t get us wrong, the bank share price still looks stuffed but we’re starting to wonder at the prices lack of drop. Our in-house “thing” remains fairly simple. If we’re expecting a price to drop but it doesn’t, there’s a good chance it shall instead go up. Of course, the converse is true but for RBS we’ve been projecting 212p for some time, noting in passing the share has spectacularly failed to actually drop. In fact, the situation is now slightly moderated as below 239 now suggests weakness to an initial 231p with secondary 220p showing some bounce potentials.
If such a scenario comes true, by all means try a LONG at 220p should it ever appear and the stop position now can reside down at 204p.
Of course, it’s entirely possible RBS’s failure to fail is due to politicians taking their annual jolly at Butlins and thus, restricted in their ability to cause damage. As we see from financial volumes through London, people are crawling back to work with the potential of some volatility finally making itself known.
The visuals against the share don’t really give a lot of clue as to what’s on the agenda, aside from the price now needing better 260p to flag the potential of a near term fake recovery to an initial 267p with secondary, if bettered, at 277p. Alas, the share price now requires exceed Dark Blue at 283p to give any hope a visit to 220p is not sheduled.
|
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
|
10:05:38PM |
FTSE |
7569.74 |
Shambles |
||||||||
|
10:08:02PM |
BRENT |
77.62 |
75.96 |
75.67 |
74.98 |
77 |
77.74 |
77.815 |
78.45 |
76.36 |
Success |
|
10:09:53PM |
GOLD |
1207.32 |
|||||||||
|
10:11:22PM |
FRANCE |
5508.2 |
|||||||||
|
10:12:50PM |
GERMANY |
12576.53 |
|||||||||
|
10:14:55PM |
US500 |
2914.02 |
2887 |
2880 |
2868 |
2905 |
2916.3 |
2925 |
2944 |
2887 |
‘cess |
|
10:16:24PM |
DOW |
26134.2 |
|||||||||
|
10:19:42PM |
NASDAQ |
7663.92 |
Success |
||||||||
|
10:21:24PM |
JAPAN |
23007 |
29/08/2018 FTSE Closed at 7563 points. Change of -0.71%. Total value traded through LSE was: £ 6,689,862,229 a change of -11.15%
28/08/2018 FTSE Closed at 7617 points. Change of 0.53%. Total value traded through LSE was: £ 7,529,661,342 a change of 30.8%
24/08/2018 FTSE Closed at 7577 points. Change of 0.19%. Total value traded through LSE was: £ 5,756,795,130 a change of -17.36%
23/08/2018 FTSE Closed at 7563 points. Change of -0.15%. Total value traded through LSE was: £ 6,966,445,199 a change of -4.37%
22/08/2018 FTSE Closed at 7574 points. Change of 0.12%. Total value traded through LSE was: £ 7,284,592,540 a change of 12.38%
21/08/2018 FTSE Closed at 7565 points. Change of -0.34%. Total value traded through LSE was: £ 6,482,287,728 a change of 32.74%
20/08/2018 FTSE Closed at 7591 points. Change of -100%. Total value traded through LSE was: £ 4,883,481,928 a change of 0% 
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:AGM Applied Graph.** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:GENL Genel** **LSE:HIK Hikma** **LSE:IHG Intercontinental Hotels Group** **LSE:POG Petrop etc** **LSE:STAN Standard Chartered** **LSE:TLW Tullow** **LSE:VOD Vodafone** **
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Updated charts published on : Applied Graph., Diageo, Empyrean, Genel, Hikma, Intercontinental Hotels Group, Petrop etc, Standard Chartered, Tullow, Vodafone,
LSE:AGMLSE:AGM Applied Graph.. Close Mid-Price: 50.5 Percentage Change: + 12.22% Day High: 51 Day Low: 45
2018=70
Moves now exceeding 51p should bring 59, along with a probable stutter. If ……..
View Previous Applied Graph. & Big Picture ***
LSE:DGE Diageo Close Mid-Price: 2731 Percentage Change: -0.40% Day High: 2755.5 Day Low: 2714
2018=35
Target Met or close enough as movement below 2709 will signal 2655 next an ……..
View Previous Diageo & Big Picture ***
LSE:EMELSE:EME Empyrean. Close Mid-Price: 9.65 Percentage Change: + 17.68% Day High: 9.9 Day Low: 7.9
2017=17
Somehow or other, this has escaped the danger zone and still has the poten ……..
View Previous Empyrean & Big Picture ***
LSE:GENL Genel Close Mid-Price: 247 Percentage Change: -1.79% Day High: 253 Day Low: 244.5
2018=10
As suspected, this is getting a bit dodgy with the result continued weakne ……..
View Previous Genel & Big Picture ***
LSE:HIKLSE:HIK Hikma. Close Mid-Price: 1965 Percentage Change: + 0.26% Day High: 2019 Day Low: 1928
2018=14
Share price growth continuing above 2019 makes travel toward 2075 expected ……..
View Previous Hikma & Big Picture ***
LSE:IHGLSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4830 Percentage Change: + 0.25% Day High: 4856 Day Low: 4802
2018=8
The scenario remains of above 4856 pointing at an initial 4949p. Secondary ……..
View Previous Intercontinental Hotels Group & Big Picture ***
LSE:POGLSE:POG Petrop etc. Close Mid-Price: 7 Percentage Change: + 4.48% Day High: 7.14 Day Low: 6.5
2017=84
Some hope is looking possible. Further oomph beyond 7.15 remains with an i ……..
View Previous Petrop etc & Big Picture ***
LSE:STAN Standard Chartered Close Mid-Price: 642.4 Percentage Change: -1.55% Day High: 653.2 Day Low: 637.9
2018=12
Ongoing weakness below 637 remains with the suggestion of travel to 628 in ……..
View Previous Standard Chartered & Big Picture ***
LSE:TLWLSE:TLW Tullow. Close Mid-Price: 229 Percentage Change: + 0.31% Day High: 234.9 Day Low: 226.7
2018=10
It’s a pity this didn’t close higher at 233 as it would make movement abov ……..
View Previous Tullow & Big Picture ***
LSE:VOD Vodafone Close Mid-Price: 172.94 Percentage Change: -1.29% Day High: 175.58 Day Low: 172.4
2018=18
Vodaphone appear to be heading to the dark side as below 172 remains showi ……..
View Previous Vodafone & 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:AMER Amerisur** **LSE:ASC Asos** **LSE:AV. Aviva** **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:EMG MAN** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IGG IG 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:POL Polo Resources** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:QFI Quadrise** **LSE:RBS Royal Bank Scot** **LSE:RED REDT** **LSE:RKH Rockhopper** **LSE:RMG Royal Male** **LSE:RR. Rolls Royce** **LSE:RTHM Rythm One** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SHP Shire** **LSE:SUMM Summit** **LSE:SXX Sirius Mins** **LSE:TAN Tanfield** **LSE:TCG Thomas Cook Group** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:UKOG UK Oils and Gas** **LSE:VEC Vectura** **LSE:VED Vedanta** **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.