RYCEY - Rolls Royce Long Setup Monthly

Ok. Here is a great looking long term setup. Monthly view, so this is not one you'd buy if you're expecting a fast return. Or a great one to dollar cost average and accumulate . You'll notice that after a correction that dates back to 2013 we've started to bounce. It fell below the support only to bounce back above it and it's in the process backtesting that support now. Whats referred to as a spring. This is a low risk entry as you would just set your stop loss under 1.21 and if the asset fell below that support with a candle close..you would exit this position and walk away. This might take a year or more to possibly triple you investment if it reaches the .618 retrace level. This is an investment, not a trade at these levels but it looks absolutely fantastic. You'll notice on the monthly MAC D we haven't had any positive momentum since 2018 ! And the negative momentum is waning and about to go positive for the first time in 3 years ! Look at the volume here lately. Look how much smart money came in to acquire this asset down at these levels. just saying.