Mauriello

RR - ROLLS ROYCE Technical Analysis

Long
LSE:RR.   ROLLS ROYCE HOLDINGS ORD GBP0.20
Based on Technical Analysis, the idea is to go long. Prices are moving inside a channel. They seem to be at the bottom of the channel and they might be ready to start a new rally. Stochastic seems ready to go toward the overbought.

Below Fair Value: RR. (£2.64) is trading below our estimate of fair value (£6.36)
Significantly Below Fair Value: RR. is trading below fair value by more than 20%.

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