RBS – Poised for bearish break

LSE:RBS   None
Daily chart patternBearish breakout from rising wedge

Failure to hold above 50-DMA if followed by bearish break from rising wedge on day end closing basis coupled with daily RSI breaching rising trend line and falling money flow index would signal a sell-off to 173.80 (Aug 5 low).

On the higher side, only day end close above 50-DMA would signal bearish invalidation.


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