Royal Bank of Scotland for 20/02/2020

#DAX #JAPAN News that RBS are ditching their “toxic” name outside Scotland, rebranding as NatWest, really isn’t a surprise. Generally, when a large organisation is in trouble, they’ll consolidate shares, mess with their advertising, fuss with their logo, or as a last ditch throw of the dice, change their name.

At time of writing, RBS is trading at 206p ( that’s 20.6p in pre-consolidation terms ) and it certainly looks clear the market failed to fall for their wizard wheeze of a 10:1 share ploy to make the value of RBS shares sound more respectable. To be fair, RBS are not the only retail bank with a lousy share price history. Lloyds for instance enjoyed a low of 34 in 2009 and is now trading at 55.78. Barclays hit 53p in 2009 and now, eleven years later, is trading at 176.

In fact, RBS with their low of 9.8p is doing slightly better than Lloyds, presently more than double their price when the sector crashed. But in comparison to most other shares in the FTSE 100, banking sector shares are about as popular as Laura Ashley.

The immediate situation for RBS is a bit fragrant with weakness next below 205 indicating the potential of travel down to 189p next. If broken, secondary calculates at 171p and we’d expect a rebound from such a level. The share price will require to close below 171p to justify running for the hills as it will take RBS into a region where “bottom” works out at 114p. We cannot calculate below such a point.

The funny thing, despite the share breaking below our last drop target of 208p, we shall be a little curious in the days ahead. The price only need exceed 217p to enter a cycle toward 227p next. If bettered, secondary is 237 but realistically, if positive news or market conditions are behind a rise, the price could easily accelerate to 252p.

Hey, chart goes here

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:04:13PM

BRENT

58.98

               

Success

10:07:05PM

GOLD

1612.32

               

Success

10:10:28PM

FTSE

7458.81

               

Success

10:11:53PM

FRANCE

6101.2

               

‘cess

10:30:33PM

GERMANY

13780

13708

13675

13637

13758

13789

13801.75

13823

13743

‘cess

10:33:18PM

US500

3388.52

               

‘cess

10:35:07PM

DOW

29358

               

10:37:33PM

NASDAQ

9725

               

Success

10:39:44PM

JAPAN

23592

23341

23191

23029

23432

23682

23747.5

23967

23510

Success

 

19/02/2020 FTSE Closed at 7457 points. Change of 1.29%. Total value traded through LSE was: £ 5,602,530,865 a change of -6.87%

18/02/2020 FTSE Closed at 7362 points. Change of -0.96%. Total value traded through LSE was: £ 6,015,855,072 a change of 44.99%

17/02/2020 FTSE Closed at 7433 points. Change of 0.32%. Total value traded through LSE was: £ 4,149,027,770 a change of -24.37%

14/02/2020 FTSE Closed at 7409 points. Change of -0.58%. Total value traded through LSE was: £ 5,485,879,910 a change of -17.68%

13/02/2020 FTSE Closed at 7452 points. Change of -1.09%. Total value traded through LSE was: £ 6,664,066,181 a change of 30.17%

12/02/2020 FTSE Closed at 7534 points. Change of 0.47%. Total value traded through LSE was: £ 5,119,461,685 a change of -10.2%

11/02/2020 FTSE Closed at 7499 points. Change of 0.71%. Total value traded through LSE was: £ 5,701,269,309 a change of 0.17%

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