Royces
RYCEY Rolls-Royce Holdings strong Support and AccumulationRYCEY Rolls-Royce Holdings is defending well the last support area which looks more like an accumulation right now.
Management predicts the company will be cash flow positive next year, after cutting the dividend because of the pandemic struggle in the aviation sector.
I see a 3.2usd price target for RYCEY Rolls-Royce Holdings once aviation market opens up again this year.
Rolls Royce - Do Not Miss The Big Opportunity in RRThis is at strong support both technically and psychologically as it is at £1. I do not expect this to drop anymore from here, if it does then a quick bounce back should be expected as can be seen on the 21st December 2020. I have set TP at the previous high of 146.45 and then another target at 164 if it breaks the previous high.
RYCEY Bounced Off Support, Potential Rise!RYCEY bounced off its support at 10.246 (61.8% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 12.249 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) has bounced off its support at 2.17 where a corresponding rise could occur.