NatWest PLC for 21/09/2020

#Gold #Dax As mentioned on Friday, we think the UK banking sector is almost at a logical bottom, the point where some sort of rebound can be hoped. In the case of #NatWest, this now translates to a share price drop potential around the 94p level. But only if we apply share price movements since the March Covid-19 drop. If we opt to zoom out and search for further reasons to be miserable, our secondary drop potential stinks.

The immediate situation is fairly straightforward.


Weakness next below 96.6 risks promoting reversal down to 94p next but unfortunately, thanks to a couple of price manipulation gaps in the last few months, this number could extend down to 90p. We’d hope for a rebound in the 90’s, if only due to the historical low of RBS share price back in 2009 when it bottomed at 9.8p during the last stock market crash. Of course, 9.8p translates as 98p thanks to the share price experiencing 10:1 consolidation. However, it’s worth remembering, if we adjust Friday closing price of 96.88p, the share is already below its prior all time low as the share is really at 9.688p.

Our calculations allow a secondary, should the 90p level break, at 70p and a price level where we’d hope for a real bounce. In fact, ideally we’d hope for a rebound to occur somewhere between the two drop levels as this will imply some residual strength in the share price. Natwest is not a happy share at present.


For any miracles to occur, Natwest needs trade above 101p to ideally enter a cycle to an initial 110p. If exceeded, our secondary calculates at 121p.

Hey, chart goes here


Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
2:26:37PM BRENT 43.46 ‘cess
2:38:46PM GOLD 1950.86 1944 1935 1922 1956 1960 1967.5 1979 1948 Success
2:41:20PM FTSE 6003.5 ‘cess
2:45:07PM FRANCE 4970 Success
3:11:57PM GERMANY 13158 13096 13032.5 12954 13151 13158 13183 13226 13103 Shambles
2:06:40PM US500 3326.59 Shambles
2:10:01PM DOW 27721 ‘cess
2:14:12PM NASDAQ 10957
2:20:10PM JAPAN 23209

18/09/2020 FTSE Closed at 6007 points. Change of -0.69%. Total value traded through LSE was: £ 9,442,217,884 a change of 120.95%
17/09/2020 FTSE Closed at 6049 points. Change of -0.48%. Total value traded through LSE was: £ 4,273,425,233 a change of -23.19%
16/09/2020 FTSE Closed at 6078 points. Change of -0.44%. Total value traded through LSE was: £ 5,563,460,983 a change of 15%
15/09/2020 FTSE Closed at 6105 points. Change of 1.31%. Total value traded through LSE was: £ 4,837,644,674 a change of 35.92%
14/09/2020 FTSE Closed at 6026 points. Change of -0.1%. Total value traded through LSE was: £ 3,559,218,269 a change of 1.56%
11/09/2020 FTSE Closed at 6032 points. Change of 0.48%. Total value traded through LSE was: £ 3,504,460,601 a change of -8.69%
10/09/2020 FTSE Closed at 6003 points. Change of -0.15%. Total value traded through LSE was: £ 3,837,937,083 a change of -13.67%

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