{"id":1519,"date":"2020-01-22T23:20:10","date_gmt":"2020-01-22T23:20:10","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1519"},"modified":"2020-01-23T12:17:48","modified_gmt":"2020-01-23T12:17:48","slug":"rbs-23-01-2020","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2020\/01\/22\/rbs-23-01-2020\/","title":{"rendered":"RBS 23\/01\/2020"},"content":{"rendered":"\n

#France #DOWJONES <\/strong> It’s time for our monthly dip into the rancid waters of the UK’s Retail Banking Sector. So far this year, #RBS hasn’t need seek trouble as the price revels in a period of decline. We’re not even confident a downtrend exists to map movements against, the price tending move with the directional ability of a house fly!<\/p>\n\n\n\n

At time of writing, it’s trading around 222p and we’ve \na ‘concern’ level flagged at 211.25p. Essentially, if the price next manages \ntrade below such a level, an initial (useless) drop target of 208p is expected. \nIn fairness, we’d expect some sort of bounce at the 208p level, despite any \ninitial break. Our secondary target, and hopefully a sensible bottom, calculates \ndown at 189p. (or 18.9p in old money, prior to their 10:1 reconfiguration in an \nattempt to hide quite how dire price movements have been)<\/p>\n\n\n\n

There’s a pretty major problem, should 189p break.<\/p>\n\n\n\n

As the chart shows, 159 lurks below this level but as \nthe price moves into the land of Lower Lows, bottom works out at 114p \neventually.<\/p>\n\n\n\n

There is (thankfully) a fairly major ‘however’. Circled \non the chart was a forced movement to propel RBS above a trend line. At the \ntime, we feared the share could suffer being gapped back below the trend, a \nmarket ploy which traditionally leaves investors walking funny. Thankfully, this \nhas not happened (so far) either with RBS, Barclays or Lloyds. This gives us \nvague hope the market isn’t intending to utterly throttle Retail Bank share \nprices.<\/p>\n\n\n\n

If this is to prove the case, we’d hope for a bounce \nanytime now. In theory, anything above 226p calculates with an initial potential \nof 230p, utterly useless in the great scheme of things. But if 230p is exceeded, \nwe’re looking for secondary at 242p along with recovery above the trend. This \nshould be significant, moving the share to relative safety with at least an \nattempt at the level of the most recent high, our target calculating at 261p.<\/p>\n\n\n\n

\"Hey,<\/figure>\n\n\n\n\"Hey,<\/p>\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

9:33:47PM<\/font><\/td>

\n\t

BRENT<\/font><\/td>

\n\t

62.43<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t

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

\n\t

9:35:30PM<\/font><\/td>

\n\t

GOLD<\/font><\/td>

\n\t

1558.91<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t

<\/td> <\/TR>\n

\n\t

9:41:41PM<\/font><\/td>

\n\t

FTSE<\/font><\/td>

\n\t

7567.33<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t

Shambles<\/font><\/td> <\/TR>\n

\n\t

10:04:13PM<\/font><\/td>

\n\t

FRANCE<\/font><\/td>

\n\t

5999.2<\/font><\/td>

\n\t

5997<\/font><\/td>

\n\t

5978<\/font><\/td>

\n\t

5947<\/font><\/td>

\n\t

6034<\/font><\/td>

\n\t

6068<\/font><\/td>

\n\t

6081<\/font><\/td>

\n\t

6109<\/font><\/td>

\n\t

6025<\/font><\/td>

\n\t

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

\n\t

10:17:55PM<\/font><\/td>

\n\t

GERMANY<\/font><\/td>

\n\t

13465<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t

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

\n\t

10:19:28PM<\/font><\/td>

\n\t

US500<\/font><\/td>

\n\t

3318.37<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t

‘cess<\/font><\/td> <\/TR>\n

\n\t

10:21:59PM<\/font><\/td>

\n\t

DOW<\/font><\/td>

\n\t

29158<\/font><\/td>

\n\t

29132<\/font><\/td>

\n\t

29110.5<\/font><\/td>

\n\t

29033<\/font><\/td>

\n\t

29224<\/font><\/td>

\n\t

29323<\/font><\/td>

\n\t

29403.5<\/font><\/td>

\n\t

29494<\/font><\/td>

\n\t

29214<\/font><\/td>

\n\t

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

\n\t

10:24:50PM<\/font><\/td>

\n\t

NASDAQ<\/font><\/td>

\n\t

9176.87<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t

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

\n\t

10:26:49PM<\/font><\/td>

\n\t

JAPAN<\/font><\/td>

\n\t

23817<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t

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

 <\/p>\n

22\/01\/2020 FTSE Closed at 7571 points. Change of -0.51%. Total value traded through LSE was: \u00a3 5,604,978,241 a change of 11.63%<\/h><\/p>\n
21\/01\/2020 FTSE Closed at 7610 points. Change of -0.54%. Total value traded through LSE was: \u00a3 5,020,947,785 a change of 18.76%<\/h><\/p>\n
20\/01\/2020 FTSE Closed at 7651 points. Change of -0.3%. Total value traded through LSE was: \u00a3 4,227,858,188 a change of -33.49%<\/h><\/p>\n
17\/01\/2020 FTSE Closed at 7674 points. Change of 0.85%. Total value traded through LSE was: \u00a3 6,356,734,989 a change of 21.03%<\/h><\/p>\n
16\/01\/2020 FTSE Closed at 7609 points. Change of -0.43%. Total value traded through LSE was: \u00a3 5,252,079,163 a change of -22.59%<\/h><\/p>\n
15\/01\/2020 FTSE Closed at 7642 points. Change of 0.26%. Total value traded through LSE was: \u00a3 6,784,341,362 a change of 13.94%<\/h><\/p>\n
14\/01\/2020 FTSE Closed at 7622 points. Change of 0.07%. Total value traded through LSE was: \u00a3 5,954,176,416 a change of 15.24%<\/h><\/p>\n\n\n","protected":false},"excerpt":{"rendered":"

#France #DOWJONES It’s time for our monthly dip into the rancid waters of the UK’s Retail Banking Sector. So far this year, #RBS hasn’t need seek trouble as the price revels in a period of decline. We’re not even confident a downtrend exists to map movements against, the price tending move with the directional ability … <\/p>\n

Continue reading “RBS 23\/01\/2020”<\/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-1519","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1519","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=1519"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1519\/revisions"}],"predecessor-version":[{"id":1520,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1519\/revisions\/1520"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1519"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}