Today I've added RDSA to my portfolio.
As you can see on the chart I think RDSA is in an upward trend pattern since November 2020, and just tested the upward sloping support line. The bounce yesterday from this support line gives me confidence that RDSA will resume the uptrend.
In addition, Q1 earnings should profit from the lift in oil prices which we saw in Q1 2021. With a positive earnings surprise I can see RDSA extend the uptrend to a price level of around EUR 20.5 where also a Fibonacci retracement level is. This will give me a 20% return within a timeframe of a couple of months.
As you can see on the chart I think RDSA is in an upward trend pattern since November 2020, and just tested the upward sloping support line. The bounce yesterday from this support line gives me confidence that RDSA will resume the uptrend.
In addition, Q1 earnings should profit from the lift in oil prices which we saw in Q1 2021. With a positive earnings surprise I can see RDSA extend the uptrend to a price level of around EUR 20.5 where also a Fibonacci retracement level is. This will give me a 20% return within a timeframe of a couple of months.