Will RBS break support, or will it rise again to 266p?

• Bounced off 233p support again to Trade 243p (at time of writing)
• Will the pattern repeat itself, rising back to recent highs of 266p?
• Shares -11.4% from 2019 highs; +16.1% from 2019 lows; +12.1% year-to-date.
• 26 Mar: Admits likelihood of a hit from Brexit
• 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 266p again. You decide to buy exposure to £10,000 worth of RBS using a CFD, at the current price of 243p. To do this, you need £2,000.

Let’s assume RBS rises back to recent highs 266p (+9.4%). Your profit would be £940, 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.