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.
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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...
This is Part 1 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...
This is my idea about (RYCEY) Rolls-Royce, please comment and tell me what you think. Hey and don't forget to like if you believe RYCEY will move in the direction I think it will. Thanks guys!
RYCEY 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...
I started to invest in Rolls Royce starting Jan 2021. My gut feeling tells me i need to stay in and the consolidation is gonna make me a happy person. Be early and enjoy the ride. This is gonna be a LONG ride.
I started to invest in Rolls Royce starting Jan 2021.
My gut feeling tells me i need to stay in and the consolidation is gonna make me a happy person.
Be early and enjoy the ride.
This is gonna be a LONG ride.
$RYCEY - LONG -
TA/GANN/Indicators/Chart patterns = On the Quarterly chart, there's a double bottom in 1996 and 2021 @ 1.36-1.50 zone, Huge volume spike these past quarters. Momentum on the quarterly chart will flip to the bull side over the next few quarters as it's extremely oversold on the quarterly chart. I expect a revisit to the $8.00 area in one year...
Alright, yeah, yeah, yeah Yeah believe in yourself
As 2 CHAINZ said - believe in yourself! Believe in the Rolls.
Finally we look poised to breakout to those $2 targets. Riding this breakout zone for too long!
We are all aware of the building divergence on the charts, but the sellers look gassed.
ABC seems complete, for the corrective wave B.
I am holding a...
RYCEY has consolidated for a very long time in an extended basing period.
Volume has picked up tremendously and a recent low provides a low risk, high reward entry
I am in no way certain on this one due to the ongoing virus concerns globally, however, RR seems to have printed an inverse H&S on a weekly timeframe, a usually bullish pattern.
With so much resting on covid variants & ongoing global cases, any long has to be considered as a risky play. However, the upside her is huge should the H&S break the neckline and push...
Rolls Royce is currently working on the electric car furthering into greener Earth. Hoping to see at least Back to the $9-$12 range. Easy Discount. 4/23/2021 11:57 am
$RR
we can see the market now is in the support area, and from the last pendamic of COVID19 market still down but step by step he is going Up
SO LETS SEE THE NEXT WEEKS IF THE MARKET WILL GO UP !!! :)
