Majority state-owned lender Royal Bank of Scotland (RBS) now expects to "significantly" outperform its previous guidance of approximately £1bn in total impairments for the fiscal year 2014 thanks to a strong operating performance by RBS Capital Resolution and a continued improvement in economic conditions and asset prices, including Ireland.
Last post as I have to go work on a project for a while. Just,a suggestion. Open a plus500 demo. Reason. It will give you your chosen stop price, in money value, and show you monetary gain of what u aim for as 1st target. Not that there us,much difference in spreads etc. But seeing the actual risk in monetary terms is helpful while learning shorts and spreads. So, eg, in demo, fix your risk every trade at £100. Then always adjust your,stop to not being more than this ( make position size apply to risk allowance. Ok folks. Whatever direction u are here, best of luck, barcs and all others. Cheerio
Support levels about 2.20 - 2.22 I think. I suspect a down day in the morning so have opened a demo account to see how this shorting idea works I see the spreads are quite wide (in my opinion) but will be using BARC only to see if I can follow the 'short' trends when they appear. Meanwhile in the real world, I am holding Long. Always willing to learn.
On the bulls side, I think price closing above 230, would add hope. But then, if it did get to 250, I for one would short hard, first opp. No point in me discussing my chart here. But last week, was slaughtering to bull money. If close on Friday us below last week's low, certainly not buying time, if not a,shorter
If you take time into account, I think 250 was a pretty serious price test. So for now, possibly 200 as a round number and local double bottom on it, may prove to be next test. Hard to know though. Between 250 and 200 is anybodys guess. Just bearish as of this moment in time. Could change in that range. On the day chart, I do see your 220 point. But on daily, you could argue that bug resistances are visible just above that price too, on a bearish chart
Currently the stock is holding 225, but is it the support level, I don't think so. Honestly I want it to test 220. But at this price, it moving in line with the FTSE and therefore is no major worry. Good investing everybody :)
The disparity between the way small traders are treated compared to large Corps is appalling to be honest.
They tend to use the principle that they will get away with whatever they can as long as it makes money . If they get caught, they will deal with the problem at that time. Invariably, the amount they make in the interim will offset any fines, compensation, etc they have to pay IF and when they get caught. Of course, IF they don;t get caught, they continue to make lots of money. I know it sounds bad BUT this is the way large Corps operate. As an example Latest news on Morrisons Exec being charged with insider dealing ! http://www.bbc.co.uk/news/business-29413797 .
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