{"id":1055,"date":"2019-07-03T22:56:09","date_gmt":"2019-07-03T21:56:09","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1055"},"modified":"2019-07-04T07:34:24","modified_gmt":"2019-07-04T06:34:24","slug":"rbs-for-4-07-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/07\/03\/rbs-for-4-07-2019\/","title":{"rendered":"RBS for 4\/07\/2019"},"content":{"rendered":"\n

#DOW #GOLD <\/strong>We’d tried to skip RBS in our Retail Bank analysis recently. Essentially it proved difficult to whip up enthusiasm for a months price moves which frankly make the UK PM contest seem exciting and vibrant. However, there are slight signs things with RBS are about to become slightly interesting.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

Movements now above 225p indicate the prospect of some \nrecovery in the near future with 234p calculating as an immediate prospect. If \nthis ambition appears, there’s a fairly firm suggestion we’ve spent the last \nyear scanning movements against The Wrong Trend! What alarmed us this week was \nhow the share price opened on Monday. The market opted to gap the price up, \nsuggesting “they” were skipping over a trend. If this proves the case and 234p \nmakes an appearance anytime soon, our secondary, if bettered, calculates at \n253p.<\/p>\n\n\n\n

We have considerable doubts regarding this and the \nlower chart gives a fairly straightforward visual excuse. It appears the market \nis asking us to believe RBS share price was jumped across a downtrend which \nstarted in 2008! We’re just a little sceptical about this, if only due to RBS \npreviously triggering what seemed a solid movement down to 202p.<\/p>\n\n\n\n

In theory, our 202p target level is now void but on \nthis occasion, our inclination is to distrust software and instead fear the \nworst. After all, we’ve identified a market strategy when a share price is \nmagically Gapped UP, then Gapped DOWN a few days later. This tends indicate a \nprice is about to be roasted.<\/p>\n\n\n\n

For RBS, this will mean weakness below 212 should \npropel the share down to 202p initially with secondary, if broken, at 177p. In \nfact, it could easily tumble to 149p eventually with the correct blend of toxic \nnews and market conditions polluted by UK politics.<\/p>\n\n\n\n

For now, we shall watch carefully for the price \nactually closing above 234p as this should make future tumultuous drops \ndifficult.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n\n
\n\t

Time Issued<\/font><\/TD>

\n\t

Market<\/font><\/TD>

\n\t

Price At Issue<\/font><\/TD>

\n\t

Short Entry<\/font><\/TD>

\n\t

Fast Exit<\/font><\/TD>

\n\t

Slow Exit<\/font><\/TD>

\n\t

Stop<\/font><\/TD>

\n\t

Long Entry<\/font><\/TD>

\n\t

Fast Exit<\/font><\/TD>

\n\t

Slow Exit<\/font><\/TD>

\n\t

Stop<\/font><\/TD>

\n\t

Prior<\/font><\/TD> <\/TR>\nFUTURES<\/font><\/a>

\n\t

10:15:30PM<\/font><\/TD>

\n\t

BRENT<\/font><\/TD>

\n\t

63.8<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

\n\t

10:18:30PM<\/font><\/TD>

\n\t

GOLD<\/font><\/TD>

\n\t

1419.29<\/font><\/TD>

\n\t

1411<\/font><\/TD>

\n\t

1405<\/font><\/TD>

\n\t

1394<\/font><\/TD>

\n\t

1423<\/font><\/TD>

\n\t

1430<\/font><\/TD>

\n\t

1441<\/font><\/TD>

\n\t

1461<\/font><\/TD>

\n\t

1412<\/font><\/TD>

\n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:20:42PM<\/font><\/TD>

\n\t

FTSE<\/font><\/TD>

\n\t

7619.98<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:22:38PM<\/font><\/TD>

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FRANCE<\/font><\/TD>

\n\t

5630.7<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

10:35:46PM<\/font><\/TD>

\n\t

GERMANY<\/font><\/TD>

\n\t

12659<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:37:52PM<\/font><\/TD>

\n\t

US500<\/font><\/TD>

\n\t

2997<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

10:40:27PM<\/font><\/TD>

\n\t

DOW<\/font><\/TD>

\n\t

26982<\/font><\/TD>

\n\t

26820<\/font><\/TD>

\n\t

26766<\/font><\/TD>

\n\t

26692<\/font><\/TD>

\n\t

26950<\/font><\/TD>

\n\t

26990<\/font><\/TD>

\n\t

27028.5<\/font><\/TD>

\n\t

27170<\/font><\/TD>

\n\t

26840<\/font><\/TD>

\n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

10:42:12PM<\/font><\/TD>

\n\t

NASDAQ<\/font><\/TD>

\n\t

7862<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:44:07PM<\/font><\/TD>

\n\t

JAPAN<\/font><\/TD>

\n\t

21713<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n\n<\/TABLE>\n\n

\n\n<\/a><\/font><\/p>\n

3\/07\/2019 FTSE Closed at 7609 points. Change of 0.66%. Total value traded through LSE was: \u00a3 5,833,923,345 a change of -4.39%<\/h>\n","protected":false},"excerpt":{"rendered":"

#DOW #GOLD We’d tried to skip RBS in our Retail Bank analysis recently. Essentially it proved difficult to whip up enthusiasm for a months price moves which frankly make the UK PM contest seem exciting and vibrant. However, there are slight signs things with RBS are about to become slightly interesting. Movements now above 225p … <\/p>\n

Continue reading “RBS for 4\/07\/2019”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1055","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/comments?post=1055"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1055\/revisions"}],"predecessor-version":[{"id":1056,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1055\/revisions\/1056"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1055"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}