True, RBS saw a quick retreat from 378 back then, suggesting no real conviction at those levels despite a decent interim. This time the reverse may be more gradual & by less. - On balance though, notwithstanding reasons for a L/T hold for more patient investors, RBS likely to remain a great trading stock for some time yet. - GL.
Notgreedy, indeed. Despite underlying progress, RBS & UK banking still face huge challenges, including litigation issues, falling revenues from investment banking, risk of over-exposure to another property bubble, etc. - TA also indicates recent strong resistance just above these levels.
I'd be glad with another 20+ pts here, but may settle for less as volatility likely to continue. - GL.
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