We are having here a very well structured trade idea, exploiting the confluence of high important technical factors, mean reverting stance, and extreme positioning in the Oil and Gas space thanks for a Long Inflation lean by most investors this year.
Into year end and preparing for 2023, Fact is that after such a good performance some will be tempted to take...
Looking very tasty on this one right about now. An upward zigzag forming, possibly as part of an interim X Wave, as a correction to that latest downward zigzag. Time will tell.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in...
Royal Dutch Shell 'A' - Short Term - We look to Sell at 19.49 (stop at 20.37)
Short term momentum is bearish. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. We have a Gap open at 19.49 from 25/11/2021 to 26/11/2021. We expect a move lower in a corrective sequence, targeting...
LSE:RDSB
Friday 29 January 21
Can This Rally in Royal Dutch Shell Continue?
Price Currently @ Weekly
Level of Demand.
And could potentially
Carry on with the Uptrend to
New Highs.
Close Below 1230
Could Potentially
Break this Uptrend
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Hi traders.
Following the turmoil with oil prices falling globally as demand for oil weakens, I am planning on purchasing shares in certain oil firms. One of these firms include Royal Dutch Shell (RDS.A). As oil prices are dwindling down, I would expect the earnings report released towards the end of April to be terrible news for the firm. Thus, I would ideally...
RSDA looks like a short term short, but a mid and long term long.
Shell still has a lot of room to grow based on the 0.618 Fibonacci resistance, it obviously dropped way harder than the average AMS and NYSE stock markets because of the super low oil prices (Aramco (SA) + Russia struggle). However, short term I would not go long at this price yet, and rather wait...
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
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After an ABC correction, the S1 support was able to handle the fall. It seems that we are already starting a reversal.
