{"id":1262,"date":"2019-10-07T22:58:42","date_gmt":"2019-10-07T21:58:42","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1262"},"modified":"2019-10-08T07:38:10","modified_gmt":"2019-10-08T06:38:10","slug":"rbs-for-8-10-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/10\/07\/rbs-for-8-10-2019\/","title":{"rendered":"RBS for 8\/10\/2019"},"content":{"rendered":"\n

RBS (LSE:RBS) <\/strong>We cheerfully skipped a Sept report for RBS. It ‘successdully’ hit our initial bounce target of 196 and exceeded it, alas fading at 218p, just below our secondary of 220p. We suspect achieving 220p shall prove very significant, if any rise is to be taken seriously.<\/p>\n\n\n\n

If we pause for a moment and consider what’s unlikely \nto happen, above 220p now suggests recovery to an initial 238p. If exceeded, \nsecondary calculates at a longer term 282p. We’re pretty far from convinced, \nthanks to the visuals. Growth to target levels as postulated suggest a coming \nseries of “higher highs”, along with the potential of some serious long term \ngrowth.<\/p>\n\n\n\n

Like everyone else, we watch the news and “long term \ngrowth” and “banking sector” are terms which rarely appear together!<\/p>\n\n\n\n

Surprisingly, RBS share price has now exceeded the long \nterm downtrend since 2008 and the inset highlights how the share’ closing price \nhas reacted to this momentous occasion. After a brief surge upward, the rise \nfaded and visually we believe it intends dribble down to 178p next, probably \ncarefully above the Blue trend line. If this is the case, 178p should appear \njust before the end of this month. The real danger comes with any break below \n178p as reversal now to 142p (and hopefully a bottom) calculates as possible.<\/p>\n\n\n\n

Failing that, there’s a pretty solid hope it “must” \n(aka might) bounce at 100p.<\/p>\n\n\n\n

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

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

\n\t

Market<\/font><\/TD>

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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>

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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

9:11:19PM<\/font><\/TD>

\n\t

BRENT<\/font><\/TD>

\n\t

58.33<\/font><\/TD>

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

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

\n\t

9:14:49PM<\/font><\/TD>

\n\t

GOLD<\/font><\/TD>

\n\t

1492.67<\/font><\/TD>

\n\t

1487<\/font><\/TD>

\n\t

1477<\/font><\/TD>

\n\t

1471<\/font><\/TD>

\n\t

1504<\/font><\/TD>

\n\t

1507<\/font><\/TD>

\n\t

1512.5<\/font><\/TD>

\n\t

1521<\/font><\/TD>

\n\t

1496<\/font><\/TD>

\n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

9:24:52PM<\/font><\/TD>

\n\t

FTSE<\/font><\/TD>

\n\t

7191.68<\/font><\/TD>

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

‘cess<\/font><\/TD> <\/TR>\n

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9:49:53PM<\/font><\/TD>

\n\t

FRANCE<\/font><\/TD>

\n\t

5512.2<\/font><\/TD>

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

‘cess<\/font><\/TD> <\/TR>\n

\n\t

9:55:33PM<\/font><\/TD>

\n\t

GERMANY<\/font><\/TD>

\n\t

12072<\/font><\/TD>

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

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:01:32PM<\/font><\/TD>

\n\t

US500<\/font><\/TD>

\n\t

2937.17<\/font><\/TD>

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

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

\n\t

10:03:55PM<\/font><\/TD>

\n\t

DOW<\/font><\/TD>

\n\t

26470.9<\/font><\/TD>

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

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

\n\t

10:06:17PM<\/font><\/TD>

\n\t

NASDAQ<\/font><\/TD>

\n\t

7727.12<\/font><\/TD>

\n\t

7675<\/font><\/TD>

\n\t

7667<\/font><\/TD>

\n\t

7626<\/font><\/TD>

\n\t

7760<\/font><\/TD>

\n\t

7788<\/font><\/TD>

\n\t

7830<\/font><\/TD>

\n\t

7883<\/font><\/TD>

\n\t

7675<\/font><\/TD>

\n\t

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

\n\t

10:08:28PM<\/font><\/TD>

\n\t

JAPAN<\/font><\/TD>

\n\t

21475<\/font><\/TD>

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

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

 <\/p>\n

 <\/p>\n

7\/10\/2019 FTSE Closed at 7197 points. Change of 0.59%. Total value traded through LSE was: \u00a3 5,564,169,791 a change of 8.23%<\/h>\n","protected":false},"excerpt":{"rendered":"

RBS (LSE:RBS) We cheerfully skipped a Sept report for RBS. It ‘successdully’ hit our initial bounce target of 196 and exceeded it, alas fading at 218p, just below our secondary of 220p. We suspect achieving 220p shall prove very significant, if any rise is to be taken seriously. If we pause for a moment and … <\/p>\n

Continue reading “RBS for 8\/10\/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-1262","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1262","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=1262"}],"version-history":[{"count":2,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1262\/revisions"}],"predecessor-version":[{"id":1264,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1262\/revisions\/1264"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1262"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}