without_worries

ROLLS-ROYCE HOLDINGS PLC

Long
LSE:RR.   ROLLS ROYCE HOLDINGS ORD GBP0.20
*safe investment opportunity - low risk*

Each candle on the above chart represents 6-months of price action. You can be sure not many people are studying this time frame.

A new candle was printed at the close of 2020 following an astonishing 80% correction since mid-2014. We can see previous price action resistance from dot.com bubble is now winning strong support during the ‘everything bubble’ resulting in the printing of a Dragonfly DOJI candle. Cleary buyers were keen to get exposure to this oversold stock.

An ‘incredible buy’ opportunity is now indicated on the 10-day chart below following an oversold condition (orange column). Price action currently finds support in the bullish half of the Bollinger Band as volume increases.

A buy from 66-100p is amazing if you can get it.

Trade active
Trade active:
Disappointing news for the bears among us I'm afraid, 22% return under 40 days.

The DOJI on the top chart was recently confirmed. We can now start looking at targets.

1st target: 206p
Trade active
Comment:
40% return in only 200 days. Not bad. That will become 100% if you’re patient.

From the 10-day chart below price action has broken out of a symmetrical triangle formation, confirmed support, and now has a new target of 190.

Trade active:
Price action breaks through local resistance. A move to next target is highly probable. No I don't know when.

Trade active:
A higher low prints on the golden pocket following a strong buy signal. Stay long..

Comment:
125% return so far, which is not bad considering the last two years.

Currently price action is overbought however there is no requirement for any action. Upwards and onwards.
Comment:
200%, best performance since 2009.

BTC
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Weblink: www.patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR
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