NatWest Group plc : The mid-term trend could accelerate in few sessions
Entry price | Target | Stop-loss | Potential |
---|
GBX 367.13 |
GBX 0 |
GBX 343.6 |
-100% |
---|
The upward trend could come to support Royal Bank of Scotland Group in the coming sessions.
This strategy is mainly based on technical arguments.
Technically, the uptrend in the medium and long term should protect the stock of a major downtrend, indeed shares are currently in contact with the upward trend line. In the short term, a decline led the stock near to the GBp 363.7 support. Therefore, a technical rebound will fix an objective near the GBp 403.9 short-term resistance.
Investors could take a buy order on this level and get a good entry point in order to target the GBp 403.9 resistance. A stop should be set below the GBp 363.7 medium term support.
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