Trends and Targets for 17/04/2018

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ROYAL BANK OF SCOTLAND (LSE:RBS) For some reason, we always find ourselves delaying any commentary against RBS. Unfortunately, the reason for this is a "what's the point" mindset as the sodding share rarely does anything useful. Or does it?

Two charts are required to explain our reason for slight - very slight - optimism. Chart #1 is perhaps useless, but essential to expand upon a theory.

We no longer expect price manipulation gaps to be covered by movement following the manipulation. We do, however, regard the period following a big gap as commencing a new trend. This is shown by BLUE on both charts, highlighting in Chart #2 RBS share price is now trading beyond a 10 year downtrend - since May 2008.

Of course, breaking a trend is absolutely no guarantee a price shall actually go up. It's similar to Argyll's weather, where seeing the first bumblebee of summer provides no certainty we shall not be waist deep in snow next week. [we are based in Scotland]  But in the case of RBS, when we zoom out and review the Big Picture calculations, it appears we should regard the price as being on a path to 312p next. Secondary, if bettered, is a pretty comfortable looking 360p.

Remembering we are looking at RBS, there is of course a fly in the ointment. We've shown it as RED on Chart #2. If RED is indeed the correct trend, apparently anything now below 260 should generate travel down to 244p. Secondary, if broken, calculates at 229p where a real bounce can be hoped for.

The foregoing rather neatly summarises our attitude to the share. Yes, it is probably going up and the Big Picture agrees. But first, we should not be aghast if it wastes everyones time by going down first.

Chart goes here

FUTURES

 


Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior


9:41:30PM

BRENT

71.14

               

9:43:54PM

GOLD

1345.85

1339

1334.75

1329.5

1349

1350.5

1354.1

1361.2

1340

'cess


9:48:34PM

FTSE

7200.11

               

Success


10:02:50PM

FRANCE

5319

               

10:04:58PM

GERMANY

12417

12373

12316

12238

12470

12470

12506.5

12525

12377

'cess


10:06:56PM

US500

2679.65

               

10:11:17PM

DOW

24587

               

Success


10:14:45PM

NASDAQ

6691.58

               

'cess


10:19:22PM

JAPAN

21796

               

 

SUCCESS above means both FAST & SLOW targets were met. 'CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today's updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

 

We can be contacted at [email protected] Spam filters set to maximum so only legit emails get through...

 


Section One - Outlook Updated Today. Click here for Section Two - Outlook Remains Valid shares

The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!

Click Epic to jump to share: LSE:AGM Applied Graph.** **LSE:ASC Asos** **LSE:FOXT Foxtons** **LSE:GKP Gulf Keystone** **LSE:HL. Hargreaves Lansdown** **LSE:OPG OPG Power Ventures** **LSE:OXIG Oxford Instruments** **LSE:PMG Parkmead** **LSE:VEC Vectura** **LSE:ZOL Zoldav** **

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Updated charts published on : Applied Graph., Asos, Foxtons, Gulf Keystone, Hargreaves Lansdown, OPG Power Ventures, Oxford Instruments, Parkmead, Vectura, Zoldav,


LSE:AGMLSE:AGM Applied Graph.. Close Mid-Price: 47.5 Percentage Change: + 13.10% Day High: 47.5 Day Low: 42.5

2018=70

There appears to be a chance this intends avoid immolation at the 26p leve ........

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View Previous Applied Graph. & Big Picture ***


LSE:ASC Asos Close Mid-Price: 6154 Percentage Change: -2.29% Day High: 6314 Day Low: 6100

2018=10

Below 6100 remains indicating travel down to 6063 next with secondary a bo ........

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View Previous Asos & Big Picture ***


LSE:FOXT Foxtons Close Mid-Price: 78 Percentage Change: -3.35% Day High: 81.2 Day Low: 75.7

2018=35

This appears intent on experiencing a slowdown as below 75 indicates 72.5 ........

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View Previous Foxtons & Big Picture ***


LSE:GKPLSE:GKP Gulf Keystone. Close Mid-Price: 157.2 Percentage Change: + 5.50% Day High: 161.6 Day Low: 149.2

2018=10

Target Met. We're not used to optimism with GKP but the situation now is o ........

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View Previous Gulf Keystone & Big Picture ***


LSE:HL.LSE:HL. Hargreaves Lansdown. Close Mid-Price: 1713 Percentage Change: + 0.12% Day High: 1725.5 Day Low: 1706.5

2018=18

Near term growth exceeding 1726p indicates travel to an initial 1742p with ........

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View Previous Hargreaves Lansdown & Big Picture ***


LSE:OPGLSE:OPG OPG Power Ventures. Close Mid-Price: 21.05 Percentage Change: + 5.25% Day High: 21.05 Day Low: 20

2017=28

Something appears to be finally happening here as above 21.05 looks capabl ........

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View Previous OPG Power Ventures & Big Picture ***


LSE:OXIG Oxford Instruments Close Mid-Price: 973 Percentage Change: -0.31% Day High: 1000 Day Low: 971

2018=10

Target Met or close enough. Now above 1005 and a cycle to 1114 apparently ........

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View Previous Oxford Instruments & Big Picture ***


LSE:PMGLSE:PMG Parkmead. Close Mid-Price: 50.05 Percentage Change: + 4.49% Day High: 52 Day Low: 49

2018=70

Moves now above 52 and a visit to an unsurprising price of 53 remains viab ........

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View Previous Parkmead & Big Picture ***


LSE:VECLSE:VEC Vectura. Close Mid-Price: 104.5 Percentage Change: + 11.29% Day High: 105.3 Day Low: 94.05

2018=14

With continued price movement above 106, traffic toward 112p next makes s ........

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View Previous Vectura & Big Picture ***


LSE:ZOL Zoldav Close Mid-Price: 15.75 Percentage Change: -12.50% Day High: 18 Day Low: 15.75

2018=12

"There's been a murder!" Whatever provoked this means weakness below 15 no ........

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View Previous Zoldav & Big Picture ***


*** End of "Updated Today" comments on shares. Listed below are those where commentary remains valid.

Click Epic to jump to share:LSE:AFC AFC Energy** **LSE:AMER Amerisur** **LSE:AV. Aviva** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:BPC Bahamas Pet** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:KAZ Kaz Minerals** **LSE:LLOY Lloyds Grp.** **LSE:LMI LonMin** **LSE:MKS Marks and Spencer** **LSE:MOS Mobile Streams** **LSE:NG. National Glug** **LSE:NIPT Premaltha** **LSE:PMO Premier** **LSE:POG Petrop etc** **LSE:POL Polo Resources** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:QFI Quadrise** **LSE:RBS Royal Bank Scot** **LSE:RED REDT** **LSE:RKH Rockhopper** **LSE:RMG Royal Male** **LSE:RR. Rolls Royce** **LSE:RTHM Rythm One** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SHP Shire** **LSE:STAN Standard Chartered** **LSE:SUMM Summit** **LSE:SXX Sirius Mins** **LSE:TAN Tanfield** **LSE:TCG Thomas Cook Group** **LSE:TLW Tullow** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:UKOG UK Oils and Gas** **LSE:VED Vedanta** **LSE:VOD Vodafone** **LSE:VOG VICTORIA** **LSE:WTG Watchstone** **

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Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!

 

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Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Trends and Targets Ltd, Shareprice, or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.

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