Royal Bank
of Scotland shares (LSE:RBS) are going upwards. The general bias on the market
is up, especially since September 2017.
The market
consolidated a bit during December and has now experienced a strong bullish
breakout. Price is expected to continue going upwards because it is above the
EMA 21, while the Williams’ % Range period 20 is in the overbought region.
While
there may be transient pullbacks along the way, the outlook on RBS is bright
for this year. The bullish trend should reign throughout.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Traders’ Mindset: Traders' Mindset
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