Thursday, January 14, 2016

Annual Trading Forecast on Royal Bank of Scotland (2016)

Royal Bank of Scotland shares (LSE:RBS) are already weak, and this is what is supposed to continue this year. It is amazing to see that some people would still be long this market. Men especially, tend to take foolish risks. They tend to think about how much they can make without mulling how much they can lose.

The price has been coming down for several months, trending lower and lower, and trapping illogical buyers. The price is below the EMA 21, while the Williams’ % Range period 20 is in the oversold territory. The price would continue going further south this year. It is recommended that any upward bounces here should be ignored, or at least, viewed with suspicion.

Any speculation methodology based on sound principles ought to bring better profits than losses per annum, as occasional losses would eventually be overcome. This is a market that brings profits to bears.

This forecast is ended by the quote below:

“Many veteran traders would agree that one can enter a position at any price and still make money – it's how one gets out of the trade that matters.” - Jean Folger

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

What Super Traders Don’t Want You To Know: Super Traders

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