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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