Annual Forecast for Royal Bank of Scotland (2018)

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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.

 

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