Along with previous RBS short, just closed BARC 239.16 short @ 229.13. The 225.52 is running & I won't post that closure to avoid further OT cluttering here. - BB can assume it'll be closed if/when we see BARC back under 220, or a stop at circa 250 if it starts flying.
Overall, as stated previously, all banks far more likely to consolidate their gains only when all major litigation issues are settled. Market hates uncertainty. Until then, best expect more of the same.
Apologies for OT & that's it from me until I've more RBS specific comments. - GLA, long or short.
The trend line from May indicates a possible support level in the mid 360s ,approx at the GAP .Inclined to agree with mailman , may be moving to a higher range but still not completely clear of resistance in mid 370s , ....a few hurdles to get over so who knows . Is 360 history ? Be nice to think so , ....but , lol.
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