RBS.UK:
Our expectations: Upward trend, corrective downward movement and break of resistance that allows us to look for new buy
Alternative Scenario: If the price goes below the bottom, a new bearish impulse is possible
Comment: Price above diagonal resistance and 50SMA
Price action: Engulfing bar and resistance breakout and 50SMA - positive signal
RSI: over 50 - positive territory
SL: 3.983
Sentiment: The company reported better earnings results that could support the price of the share.
Jr Trader Ivan Ivanov
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