Weekly chart, the stock is facing a long-term resistance line (started Jan 2014, dashed grey-colored line); so it needs strong bullish power to beat. After crossing this resistance, the target will be 615 Technical indicators: MACD is positive, RSI is showing over-bought - which indicates tendency to have some correction.
Thinking this is a great overbought trade here. RSI 75 overbought conditions. Massive gap too be filled around 115 Entered zone of previous sellers(resistance) ideally for a long position it would fill this gap and then bounce again which coincides with the .38 fib that's present in that zone.
Rolls Royce (RR.) - 30d expiry- We look to Buy at 79.07 (stop at 75.15) Short term bias has turned positive. Levels close to the 50% pullback level of 79.62 found buyers. Levels below 80.00 continue to attract buyers. We look to buy dips. Daily signals are mildly bullish. Our profit targets will be 88.88 and 90.88 Resistance: 90.00 / 94.80 /...
A picture tells a thousand words. Let's learn to read the picture. Price is seeking value and creates a pattern. Small value areas form within a bigger value area. Trading opportunities arise at the outer edges of the bigger value areas target at the control line. The trend will change if the price starts making HH, HL, LL, LH. It will then start to form a new...
Simples... Nice run up into HTF resistance so expect pullback and price action painting a descending triangle. I could go into far greater detail but where's the fun in that! Accountability.
Rolls Royce Short Term - We look to Sell a break of 81.96 (stop at 86.87) Bias is mildly bearish today but we need to see a break of 81.96 to confirm the downward pressure. The medium term bias remains bearish. The bias is still for lower levels and we look for any gains to be limited. We look for losses to be extended today. Our profit targets will be...
RR is on major support where bullish pressure has formed on the historical price action. Having a decent expectation to repeat the history itself.
Rolls Royce is Ready For a Good Gain and Good Profit. it's so important to buy in 3 Step; and So Important you enter most Volume at 3rd Step 1st Step: Right Price@ 91 2nd Step@: 70 3rd Step@: 50 Stop Loss@ 40
BUY ENTRY: 106.50 GBX* TARGET: 150 GBX STOP: 80.30 GBX *GBX = Pence Sterling Rolls-Royce specializes in the development, manufacture and marketing of engines for the aviation, marine and energy sectors. 1.) I see a strong support at 90.00 GBX which will resist against further corrections. Probability to go up is higher than to drop below the 90.00 GBX...
XETR:RRU still looks on track to €2.6. The stock is very sensitive to any COVID related news because of their flight engine business. But the company has great things happening in ESG space (at least as per the news). Still long. #NotTradingAdvice #DoYourOwnResearch
gaining bottom feeder attention in social media trading sentiment company has long history, thousands of bagholders create downward price pressure upside is strong name recognition, and government subsidy & too big to fail dynamics major catalyst needed to reverse the multi year bearish price cycle
Just breaking this down this market it at a rare low and the motto is to buy low and sell high. we are looking at some nice price action on the daily timeframe and leading with the inverse h&s pattern and seeing nice impulse move off the support area. I would love to see this market push to $13.00. let me know what you think in the comments below.
Rolls-Royce Holdings plc operates as an industrial technology company in the United Kingdom and internationally. The company operates in four segments: Civil Aerospace, Power Systems, Defence, and ITP Aero. The Civil Aerospace segment develops, manufactures, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well...
Rolls royce has been a long for a long time. anything under £1 for rolls is a winner simple had a whole 18 months to buy it at this price. is now broken out of the resistance at 135 range with ease. i suspect at this 145 levels as its overbought itll pull back and set new resistance as new support filling the gap so good oppotunity to buy around 135. id then be...
XETR:RRU My current trade - Entry at around 1€ #DYOR *This chart is not a buy/sell recommendation.
RYCEY is bouncing off of S2 support on the pivots with a gap up yesterday. With the UK reopening underway RYCEY could net an easy 10% where the central pivot point is (yellow line). MACD curling up and RSI bouncing from oversold levels, which it hasn't seen since Jan 2021.
This post is to demonstrate a variety of trading techniques and relationships amongst similar patterns. Although this is focused on RYCEY, I provide reference to RTX as a representation of airline engine manufacturing and reference the 2018 BTC consolidation. Lately I've been studying the Wyckoff Distribution and found eerie similarities that are worth sharing. ...
This is Part 2 of a 2 Part Post. This post will show the move in the past that I found. Jan 20 2009 on a weekly chart. If you follow me you know I make a living off finding correlations just like this. I charted this by request and I was amazed at the price but also of what I saw. The chart has annotations on it. So you can read it there. That said I was...