Reckitt Benckiser has been in a strong uptrend since it's IPO. We've seen a retrace over the last 6 months - most likely due to post-brexit financial climate and its effect on the sterling.
The price action shows a completed wave C on the retrace. This could be the retrace in its entirety or the completed wave A within a larger pull back. With this in mind, ...
RBS has failed BOE's stress test and needs to raise GBP 2 billion. A year ago, Standard Chartered and bailed-out RBS had the weakest financial positions.
The stock could breach the 50-DMA support seen around 189.21 (also the rising trend line support). The MACD has already turned bearish.