RBS ran into an almighty price barrier on Friday. Today it reversed over 2%. Look at the significance of this resistance. 3 components are shown in the chart: 1) Fibonacci fan line 2) 100-day moving average 3) 2.618 extension of a price gap. The market has retested and responded to the 0.382 trendline from the fan 3 times before now. That makes it a validated...
UK banks outperformed the benchmark for UK shares during the rout in global stock markets that began in October. UK bank share prices are down over the past two months, but by less than the FTSE 100 index. Positive expectations for stress test results have played a role in limiting the damage to UK bank shares.
I would stop myself right under the slight previous low.
Royal Bank of Scotland has broken its over a month long bearish trend, while bounced from it one year long bullish trend. RSI goes up over 50 and MACD also point to green area, where signal line was finaly croosed. This setup looks like nice opportunity to go long.
Trend is up, Bank sector is in good shape ??
For your long swing account. You will have many opportunities to add more to the trade so still once reaching 1:1-or-more ratio remember to consider taking profits to remove your risk.
I believe inflation is about to rip through the EU and push yields higher, breathing new life into the banking sector. For more information please read: klendathucapitalist.com
"...Its progress with the DoJ is particularly important to Royal Bank of Scotland, because the British lender is also expected to be hit with a hefty US settlement . RBS posts third-quarter results tomorrow but is not expected to give a substantial update on its DoJ talks because they are not thought to be at an advanced stage ..." 27 OCTOBER 2016 •...
Daily chart pattern – Bearish 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...
Daily chart pattern – Rising trend line is being put to test Daily RSI breaching the rising trend line Daily money flow index diverged from price chart Overall, prices appear on track to breach rising trend line support on day end closing basis. Such a move would add credence to failure to sustain above 38.2%...
Shares of DSKX continues to rally from last week after they held a conference call to discuss the recently announced agreement to acquire Radiancy, Inc., a leading developer of consumer medical devices and the Neova® dermatological products. It appears investors are beginning to notice the financial value this new deal brings and the future outlook of the company,...
Selling side is indicated by the major trend of ROYAL BANK OF SCOTLAND PLC(RBS). Support level is 350, if it goes down this level then selling position can be created. In this case Target level will be 345.20 and Stop-loss of 353.50 CHART FORMATION:- Stock is trading in a range and breaking its neckline will lead to downside movement. Stock is trading below the...