{"id":1788,"date":"2020-04-22T23:44:35","date_gmt":"2020-04-22T22:44:35","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1788"},"modified":"2020-04-23T08:35:21","modified_gmt":"2020-04-23T07:35:21","slug":"rbs-for-23-04-2020","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2020\/04\/22\/rbs-for-23-04-2020\/","title":{"rendered":"RBS for 23\/04\/2020"},"content":{"rendered":"

#Brent #DOW <\/strong>The Elon Musk Starlink chain of satellites are proving elusive this week. Despite clear skies, this ‘fabulous’ sight joins Santa and his flying sleigh on the list of things not seen above Argyll. Maybe it’s a Scottish thing as succour for Royal Bank of Scotland is also something we’re unable to see presently.<\/p>\n

When we last reviewed RBS in February it was 206p (link<\/a>). The “Big Picture” calculated the potential of a bottom at 114p, something the price easily achieved thanks to the Superflu. We’re actually starting to wonder if we should decide a new trend commenced on February 27th, one which supersedes (for now) Big Picture potentials and instead simply defines price moves during the pandemic?<\/p>\n

That being the case, despite being unable to calculate price levels below 114p from the perspective of a Big Picture, when we only factor in price shuffles for the last 2 months, a quite different scenario emerges.<\/p>\n

 <\/p>\n

It’s still miserable but perhaps can be used without backing music of nails being driven into RBS’s coffin. At present, there’s a fairly major trigger level at 98p as movement below risks forcing reversal down to an initial 80p. If broken, secondary comes in at 59p and we’d hope for a real bounce, if such a level appears.<\/p>\n

 <\/p>\n

At present, RBS needs trade above 119p to give the first sign bottom may be “in” as this apparently should promote miracle recovery to an initial 143p with secondary, if exceeded, at 171p. We’re not hopeful but, for now (despite the share trading below 114p) we’ve invented an excuse to avoid writing that from a Big Picture perspective, we cannot calculate a bottom without prefacing the number with a minus sign!<\/p>\n

 <\/p>\n

Sorry to avoid a “world market” outlook. We intended to look at Forex until an email reminded us we’d skipped our monthly look at RBS, when we recently covered the retail banks.<\/p>\n

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

 <\/p>\n

 <\/p>\n

FUTURES<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
Time Issued<\/td>\nMarket<\/td>\nPrice At Issue<\/td>\nShort Entry<\/td>\nFast Exit<\/td>\nSlow Exit<\/td>\nStop<\/td>\nLong Entry<\/td>\nFast Exit<\/td>\nSlow Exit<\/td>\nStop<\/td>\nPrior<\/td>\n<\/tr>\n
10:36:03PM<\/td>\nBRENT<\/td>\n23.59<\/td>\n22.3<\/td>\n20.645<\/td>\n19.17<\/td>\n24<\/td>\n25.07<\/td>\n25.495<\/td>\n27.66<\/td>\n22.6<\/td>\n‘cess<\/td>\n<\/tr>\n
10:38:27PM<\/td>\nGOLD<\/td>\n1714.96<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n‘cess<\/td>\n<\/tr>\n
10:40:32PM<\/td>\nFTSE<\/td>\n5779.71<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\nSuccess<\/td>\n<\/tr>\n
10:42:10PM<\/td>\nFRANCE<\/td>\n4424<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
10:43:50PM<\/td>\nGERMANY<\/td>\n10441<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
10:46:08PM<\/td>\nUS500<\/td>\n2798.82<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n‘cess<\/td>\n<\/tr>\n
10:48:32PM<\/td>\nDOW<\/td>\n23473.5<\/td>\n23176<\/td>\n23047<\/td>\n22859<\/td>\n23395<\/td>\n23585<\/td>\n23639<\/td>\n23740<\/td>\n23425<\/td>\nSuccess<\/td>\n<\/tr>\n
10:50:01PM<\/td>\nNASDAQ<\/td>\n8651.62<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
10:56:47PM<\/td>\nJAPAN<\/td>\n19224<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\nShambles<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/a><\/span><\/span><\/p>\n

22\/04\/2020 FTSE Closed at 5770 points. Change of 2.29%. Total value traded through LSE was: \u00a3 5,917,121,031 a change of -3.58%<\/h5>\n
21\/04\/2020 FTSE Closed at 5641 points. Change of -2.94%. Total value traded through LSE was: \u00a3 6,136,810,305 a change of 18.04%<\/h5>\n
20\/04\/2020 FTSE Closed at 5812 points. Change of 0.45%. Total value traded through LSE was: \u00a3 5,198,867,869 a change of -28.63%<\/h5>\n
17\/04\/2020 FTSE Closed at 5786 points. Change of 2.81%. Total value traded through LSE was: \u00a3 7,284,056,629 a change of 24.33%<\/h5>\n
16\/04\/2020 FTSE Closed at 5628 points. Change of 0.55%. Total value traded through LSE was: \u00a3 5,858,772,454 a change of -15.73%<\/h5>\n
15\/04\/2020 FTSE Closed at 5597 points. Change of -100%. Total value traded through LSE was: \u00a3 6,952,759,094 a change of 0%<\/h5>\n
14\/04\/2020 FTSE Closed at 5791 points. Change of 0%. Total value traded through LSE was: \u00a3 6,566,152,057 a change of 0%<\/h5>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

#Brent #DOW The Elon Musk Starlink chain of satellites are proving elusive this week. Despite clear skies, this ‘fabulous’ sight joins Santa and his flying sleigh on the list of things not seen above Argyll. Maybe it’s a Scottish thing as succour for Royal Bank of Scotland is also something we’re unable to see presently. … <\/p>\n

Continue reading “RBS for 23\/04\/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-1788","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1788","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=1788"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1788\/revisions"}],"predecessor-version":[{"id":1789,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1788\/revisions\/1789"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1788"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}