{"id":1176,"date":"2019-08-28T23:29:04","date_gmt":"2019-08-28T22:29:04","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1176"},"modified":"2019-08-29T07:55:02","modified_gmt":"2019-08-29T06:55:02","slug":"rbs-for-29-08-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/08\/28\/rbs-for-29-08-2019\/","title":{"rendered":"RBS for 29\/08\/2019"},"content":{"rendered":"\n

#FTSE #Nasdaq <\/strong>Increasingly, we warn of a scenario when a price meets and exceeds our initial target ambition. The reasoning is fairly basic. If a price exceeds an initial target, the secondary becomes exceedingly viable, if not inevitable, eventually. Obviously, spanners are occasionally thrown but it’s a good rule of thumb.<\/p>\n\n\n\n

On the day RBS hit our 180p (prior \nreport<\/a><\/strong>), it actually broke below and bounced (with a remarkable lack of \nenthusiasm) from 177p. To us, this was not a comforting sign as it once again \nsuggests RBS intends a bottom at 150p. There is, perhaps, a crumb of comfort \nshowing as the uptrend since 2009 (shown in RED) is presently at 168.798p and \nthere’s little doubt any near term fall to this level will doubtless exhibit \nsome sort of rebound, if only due to the number of folk capable of drawing a \nstraight line.<\/p>\n\n\n\n

We fear they shall be wrong; the attraction of 150p has \nbeen evident for some time. Worse, if 150p breaks, the absolute “it must bounce \nhere” point calculates at 134p. Please remember, this is a retail (and \npolitical) bank and perfectly capable of playing by illogical rules.<\/p>\n\n\n\n

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

Of course, perhaps we are being too gloomy in our \nthoughts and instead, should search for hope amongst this grim collection of \nnumbers. At present, we shall be watching if the share price exceeds 189p as \nthis is supposed to trigger recovery to 196p. While fairly useless as a price \nmovement, if 196p is exceeded, it ticks the first box for “bottom is in”, giving \nhope we shall witness stronger movement toward 220p and the land of unicorns, \nprincesses, and golden glitter.<\/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

10:03:37PM<\/font><\/TD>

\n\t

BRENT<\/font><\/TD>

\n\t

59.89<\/font><\/TD>

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

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:13:31PM<\/font><\/TD>

\n\t

GOLD<\/font><\/TD>

\n\t

1540<\/font><\/TD>

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

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

\n\t

10:16:15PM<\/font><\/TD>

\n\t

FTSE<\/font><\/TD>

\n\t

7106<\/font><\/TD>

\n\t

7046<\/font><\/TD>

\n\t

7017<\/font><\/TD>

\n\t

6978<\/font><\/TD>

\n\t

7093<\/font><\/TD>

\n\t

7134<\/font><\/TD>

\n\t

7154<\/font><\/TD>

\n\t

7197<\/font><\/TD>

\n\t

7047<\/font><\/TD>

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

\n\t

10:18:07PM<\/font><\/TD>

\n\t

FRANCE<\/font><\/TD>

\n\t

5368.2<\/font><\/TD>

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

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

\n\t

10:20:43PM<\/font><\/TD>

\n\t

GERMANY<\/font><\/TD>

\n\t

11687<\/font><\/TD>

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

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

\n\t

10:29:21PM<\/font><\/TD>

\n\t

US500<\/font><\/TD>

\n\t

2883.52<\/font><\/TD>

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

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

\n\t

10:37:09PM<\/font><\/TD>

\n\t

DOW<\/font><\/TD>

\n\t

26020.3<\/font><\/TD>

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

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

\n\t

10:48:21PM<\/font><\/TD>

\n\t

NASDAQ<\/font><\/TD>

\n\t

7576.25<\/font><\/TD>

\n\t

7535<\/font><\/TD>

\n\t

7488.5<\/font><\/TD>

\n\t

7438<\/font><\/TD>

\n\t

7594<\/font><\/TD>

\n\t

7602<\/font><\/TD>

\n\t

7634<\/font><\/TD>

\n\t

7680<\/font><\/TD>

\n\t

7550<\/font><\/TD>

\n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:50:22PM<\/font><\/TD>

\n\t

JAPAN<\/font><\/TD>

\n\t

20500<\/font><\/TD>

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

‘cess<\/font><\/TD> <\/TR>\n\n<\/TABLE>\n\n

28\/08\/2019 FTSE Closed at 7114 points. Change of 0.35%. Total value traded through LSE was: \u00a3 5,300,760,718 a change of -31.12%<\/h>\n","protected":false},"excerpt":{"rendered":"

#FTSE #Nasdaq Increasingly, we warn of a scenario when a price meets and exceeds our initial target ambition. The reasoning is fairly basic. If a price exceeds an initial target, the secondary becomes exceedingly viable, if not inevitable, eventually. Obviously, spanners are occasionally thrown but it’s a good rule of thumb. On the day RBS … <\/p>\n

Continue reading “RBS for 29\/08\/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-1176","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1176","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=1176"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1176\/revisions"}],"predecessor-version":[{"id":1177,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1176\/revisions\/1177"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1176"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}