Like in a stairway the price is making Higher Highs and Higher Lows (Trending) now we have to wait for a retracement for entry at a better price and avoid a whipsaw.
The other aspect here is the intentions of the investor or trader. Here I leave the two options
Let's suppose that we buy at 7.80 then there are two possible targets here:
The first is a swing...
yes its seems to have been over bought but RBS ticks all the boxes in terms of a long trade,with trump coming in,regulations for banks will be reduced and this will be an advantage to banks and those who wish to trade in bank stocks.
Good chances for buying RBS, what is important: we wait until the rectangle is violated before we do any action.
The main reason that after Brexit the markets are recovering and one of such stocks is RBS.
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
Stock is trading in a range and breaking its neckline will lead to downside movement. Stock is trading below the...
RBS has been a WDB Options Model standout for some time. That model doesn't care about price action and indeed many of its positions can sit for months 'going sideways' as the market ponder's their situation. Now it would appear, based on price action, buyers are starting to come back to this name. 'Bot' long entries from around $9.50 look good for an ultimate...