Will RBS break support, or will it rise again to 274p?

• Bounced off 246p support with several bounces since last week.
• Trading 249p (at time of writing)
• Will the pattern repeat itself, rising back to recent highs of 274p?
• Shares -8.9% from 2019 highs; +19.3% from 2019 lows; +15.3% year-to-date.
• 22 Mar: Brexit delay giving the sector a boost after recent declines
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading RBS – An Example

Let’s say you like the RBS range, you think it’s heading back up to 274p again. You decide to buy exposure to £10,000 worth of RBS using a CFD, at the current price of 249p. To do this, you need £2,000.

Let’s assume RBS rises back to recent highs 274p (+10%). Your profit would be £1000, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. RBS falls 3% and hits your stop-loss. Your loss would be £300.

This is provided for information purposes only. It should not be taken as a recommendation.