There is a slight phenomena which gives some near term \nhope. The BLUE downtrend on the chart dates back to September 2008. Today, this \nline is at 200.047p and represents the level RBS share price needs actually \nclose below to justify hysterics. Such a triggering event will make weakness \ndown to an initial 180p calculate as an initial point at which we’d hope for a \nrebound. If (when) broken, the price should eventually bottom at 150p.<\/p>\n\n\n\n
Unfortunately, in the perpetual limbo dance which is \nRBS, we can calculate lower than 150p… To be realistic, should it ever visit \nthe 130’s, it would become a very tempting Long position to take, just to see \nwhat will happen.<\/p>\n\n\n\n
For now though, some slight hope for a near term bounce \nis slightly possible, due to the respect paid to the long term BLUE downtrend \nfrom 2008. If we look for immediate clues as to whether any bounce has \nintegrity, above 207.4p calculates with an initial ambition at 211.25p. If \nexceeded, secondary is a bit more useful and works out at 219p. This should \nrebound the price to a useful level, just above the RED uptrend and hint “bottom \nis in”, thus giving the potential of an unusual 3rd target level at 231p, along \nwith some almost certain hesitation.<\/p>\n\n\n\n
We suspect it intends 150p eventually, once sufficient \nexcuses for reversal accumulate.<\/p>\n\n\n\n Time Issued<\/font><\/TD> Market<\/font><\/TD> Price At Issue<\/font><\/TD> Short Entry<\/font><\/TD> Fast Exit<\/font><\/TD> Slow Exit<\/font><\/TD> Stop<\/font><\/TD> Long Entry<\/font><\/TD> Fast Exit<\/font><\/TD> Slow Exit<\/font><\/TD> Stop<\/font><\/TD> ![\"\"\/](\"http:\/\/www.trendsandtargets.com\/img\/rbs040819.jpg\")
<\/figure>\n\n\n\n![\"\"\/](\"http:\/\/www.trendsandtargets.com\/images\/specialoffer.gif\")
<\/figure>\n\n\n\n\n
\n\t \n\t \n\t \n\t \n\t \n\t \n\t \n\t \n\t \n\t \n\t \n\t