tayalsmith
Short

ROYAL BANK OF SCOTLAND PLC (RBS) Sell

NYSE:RBS   ROYAL BK SCOTLAND GROUP PLC
21 0 0
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 50 DMA with negative bias.

INDICATORS:-
RSI is trading near to 45.55 level with negative bias, in upcoming session downside movement is expected.
MACD and Signal line is sustaining below the zero level line.
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