The Royal Bank of Scotland Group (RBS)

 

Trends and Targets for 2/02/2018

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FTSE FOR FRIDAY (FTSE:UKX) As feared, our 100% success rate fell apart last Friday when the expected FTSE scenario didn't even happen. At least this should not have caused any friendly fire incidents but it does worry us, due to potentials being shown from Friday 2nd!

There are quite a few arguments favouring some sort of coming bounce, not least being the number of "our" shares getting very close to drop trigger levels. Invariably these trigger levels, when they start to appear in mobs, become points at which a bounce can be expected and equally inevitable is the effect on the overall market should a bounce be genuine.

Last Friday, in what was supposed to be a near term commentary, we mentioned the dangers should 7575 break as a dribble downward toward 7450 makes sense. It was to take until Wednesday evening futures before 7575 was damaged and now, the immediate situation is of weakness below 7476 still suggesting 7450 as a point where a bounce makes sense. A break of 7450 looks capable of bringing fire and pestilence, along with 7430 points. Such has been the pace of decline since January 30th it appears a stop can be placed at 7520 points.

What happens if the market oozes up above 7520 points? (the dashed line on the chart)

We're looking for growth commencing toward 7556 points initially. Secondary, if bettered, comes in at 7613 points, unlikely unless China decided to keep PM May or the US Non Farm Payrolls "guesstimate" numbers surprise everyone.  Or perhaps more probable, GBPUSD makes an expected surge toward 1.45

There is something a little odd about our 7613 ambition as it donks against the solid blue downtrend, almost certain to provoke some hiccups.

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

10:50:30PM

BRENT

69.7

               

'cess

10:52:40PM

US CRUD

65.87

               

Success

10:54:52PM

GOLD

1349.03

1341

1339.05

1335.1

1345

1350.9

1357.24

1365.48

1341

'cess

10:57:57PM

FTSE

7496.85

               

'cess

11:06:47PM

FRANCE

5458

               

Success

11:09:30PM

GERMANY

13002

               

Success

11:12:47PM

US500

2829.57

2811

2804.5

2780

2826

2833

2839

2843

2815


11:17:56PM

DOW

26230

               

'cess

11:20:25PM

JAPAN

23344

               

'cess

 

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:ASC Asos** **LSE:BBY BALFOUR BEATTY** **LSE:POLY Polymetal** **LSE:RBS Royal Bank Scot** **LSE:RMG Royal Male** **LSE:SHP Shire** **LSE:SUMM Summit** **LSE:SXX Sirius Mins** **LSE:VEC Vectura** **LSE:VOD Vodafone** **

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Updated charts published on : AFC Energy, Asos, BALFOUR BEATTY, Polymetal, Royal Bank Scot, Royal Male, Shire, Summit, Sirius Mins, Vectura, Vodafone,


LSE:AFCLSE:AFC AFC Energy. Close Mid-Price: 11.35 Percentage Change: + 3.18% Day High: 11.5 Day Low: 9.52

This is officially "all over the place" leaving us fairly clueless current ........

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View Previous AFC Energy & Big Picture ***


LSE:ASC Asos Close Mid-Price: 7268 Percentage Change: -2.23% Day High: 7524 Day Low: 7260

Movements now above 7524 still suggests a fairly major change in potential ........

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View Previous Asos & Big Picture ***


LSE:BBY BALFOUR BEATTY Close Mid-Price: 276.9 Percentage Change: -1.98% Day High: 284.1 Day Low: 275.4

Below 275 still indicates coming weakness toward 273p next with secondary, ........

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View Previous BALFOUR BEATTY & Big Picture ***


LSE:POLY Polymetal Close Mid-Price: 811.4 Percentage Change: -1.67% Day High: 829 Day Low: 808

Further weakness now below 808p and a trip to 781 now looks valid with sec ........

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View Previous Polymetal & Big Picture ***


LSE:RBS Royal Bank Scot Close Mid-Price: 286.9 Percentage Change: -0.28% Day High: 291.6 Day Low: 285.3

Target Met. Continued weakness below 285 still suggests some travel to 281 ........

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LSE:RMGLSE:RMG Royal Male. Close Mid-Price: 496.3 Percentage Change: + 5.71% Day High: 515.4 Day Low: 466.1

Target Met. That was interesting as above 516 remains pointing at 521p nex ........

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LSE:SHP Shire Close Mid-Price: 3320 Percentage Change: -0.23% Day High: 3330.5 Day Low: 3254

Below 3254 still indicates travel downhill toward 3100 and a bounce. Secon ........

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View Previous Shire & Big Picture ***


LSE:SUMM Summit Close Mid-Price: 197.5 Percentage Change: -3.66% Day High: 202.5 Day Low: 195

Below 195 and a trip to 182 looks probable with secondary if (when) broken ........

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View Previous Summit & Big Picture ***


LSE:SXXLSE:SXX Sirius Mins. Close Mid-Price: 23.86 Percentage Change: + 1.27% Day High: 24.3 Day Low: 23.56

This is starting to look like it plans movement sooner rather than later. ........

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LSE:VEC Vectura Close Mid-Price: 90 Percentage Change: -7.50% Day High: 97.35 Day Low: 88.35

Target Met. This has managed to hit the long term uptrend and stop, so per ........

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LSE:VOD Vodafone Close Mid-Price: 214.4 Percentage Change: -4.54% Day High: 223.55 Day Low: 212

This has gone wrong, really fast. Weakness now below 212 indicates travel ........

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View Previous Vodafone & Big Picture ***


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

Click Epic to jump to share:LSE:AGM Applied Graph.** **LSE:AMER Amerisur** **LSE:AV. Aviva** **LSE:BARC Barclays** **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:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **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:OPG OPG Power Ventures** **LSE:OXIG Oxford Instruments** **LSE:PMG Parkmead** **LSE:PMO Premier** **LSE:POG Petrop etc** **LSE:POL Polo Resources** **LSE:PPC President Energy** **LSE:QFI Quadrise** **LSE:RED REDT** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:RTHM Rythm One** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SGP Supergroup** **LSE:STAN Standard Chartered** **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:VOG VICTORIA** **LSE:WTG Watchstone** **LSE:ZOL Zoldav** **

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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!

 

Risk Warning & Notice to Investors

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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