Rolls Royce - Are You Ready For The Ride?Hello everyone, if you like the idea, do not forget to support with a like and follow.
RRU formed an inverse head and shoulders pattern , but it is not ready to go yet.
Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right?
Trigger => Waiting for a momentum candle close above the neckline to buy. (gray area)
Meanwhile, until the buy is activated, RRU would be overall bearish and can still trade lower.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade ideas
Rolls-Royce Multi-Year InvestmentRR
What is it?
Rolls Royce (est 1904.) are best known for their participation in the Automotive and Aviation industrys. They produce most notably, road vehicles worldwide and plane engines/turbines for the Aviation industry.
Why buy now?
This is a UK stock, and UK stocks have been weathered down hard by Covid-era market recession. Many or most of them have STILL to make a full recovery to at least pre-Covid levels, but are companies with secure positions in terms of brand power and long term prospects.
Therefore, this is an excellent opportunity to buy into a century-old company with proven market share at a heavy discount still.
Whats the catalyst? Is there any news? Why should I invest into traditional engines versus new age EV?
Here's a quick read on the kind of products RR are looking to push into the aviation space soon. ( I'm not Pro, so cant post links. Sorry! )
"Rolls-Royce confirmed today that it has started to build the demonstrator engine for its upcoming ‘UltraFan‘ family. This will be the world’s largest aircraft engine, with the fan measuring 140 inches (3.5 m) wide"
"The news comes just over two months after Rolls-Royce announced that it had completed the first engine run on its new £90 million ($125 million) testbed. Known as Testbed 80, this is the largest facility of its kind in the world. Once the UltraFan demonstrator is complete, Rolls-Royce will run data-driven tests of the engine on this facility."
They are about to release a developed version of the newest, largest aircraft engine in the world, with a renewed focus on efficiency. Reading through multiple sources and interviews around this subject, you can find that most
people tend to agree on the same thing - whilst EV power is undoubtedly the future, you can't cross the Atlantic on a battery.
Large power engines (shipping, flight) will be some of the last pieces of the puzzle to move to EV. in the mean time, new-generation energy-efficient breakthrough engines will almost certainly be the future as airlines look to cut costs over the next 10-20 years.
This market looks dead!
Its up to you whether or not you can read the strength out of this chart - note the large alerts around the volume in the different years in this chart. You can see one thing clearly - even with the 2008 crash put in,
there has not been this much purchasing volume involved in RR since 2003 . That screams of a long term bottom being in for now.
My advice? Pick it up and hold till 2025 to see the maximum gains over time. Think long term, Then even longer!
RYCEY : ROLLS ROYCE (NASDAQ)Rolls Royce hit an intra day of $1.35 on 3/2/21 from a high of $21.26 on 6/1/14. It had been in a downtrend since 1/8/19 with a break of $9.81.
The technical picture of RYCEY is extremely bearish and interest in the stock is brewing at current levels.
LONG TERM DOWNTREND SINCE 010819
MEDIUM TERM DOWNTREND SINCE 240619
SHORT TERM DOWNTREND 220321
PIVOT 1.69
Long positions above 1.69 to test 2.21 and 2.53
Short positions below 1.69 to test 1.50 and 1.35
RYCEY Gap Fill LongRYCEY is in value areas right now. 4h bullish divergence after higher low, very obvious accumulation going on on the asset. Gap fill above $3 for 100% gains could happen very soon. Easy to manage risk with stop loss below previous low ($1.3). On the fundamentals side it looks like the worst is already behind Rolls Royce and they are about to start recovering, despite trading OTC stock has great liquidity which is something very important. This trade could take months to play out but it could also happen very quickly.
How to Draw Support & Resistance Lines for StocksIn this video I use simple easy to learn processes to mark out support and resistance levels. And importantly analyse if buyer or sellers are currently in control of the market.
If you have found this useful then please like the post, follow my page and share with any friends you think will find it useful.
ROLLS ROYCE price analysis - take-off with 70% profit?Hello everyone,
Today I want to share my thoughts on Rolls-Royce.
- I'm not really a fan of a shoulder-head-shoulder formation, but this time the targets just fit too perfectly in a fundamentally friendly market environment
- The price is about to break out of the bottom formation
- I expect a dynamic breakout
The plan
- Enter on a weekly close above the upper trendline, or on a retest after the breakout
- Trade to the golden pocket of the last correction
- Almost 70% profit seems possible without touching the downtrend
With this in mind,
Good luck $ Keep it simple
Max
Rolls Royce Trade Review - 20% profit in just 3 weeks!Hi traders,
This is the first in a series of trade reviews that I will be doing for TradingView viewers where each week I will review one or two of my trades. We will outline why we entered them and also how they went.
This is meant only for educational purposes for you to learn some of the skills that I implement when trading.
In this trade I used a very simple break and retest of a key level as the investment strategy.
If you have any questions then please let me know in the comments.
Rycey Riding on its way to a breakout Rolls RoyceNot financial advice
"You dont have to ride in style to be successful.
It just matters if your mind is the rolls Royce of your life"
Legalizedhustler
1.50 seems to be good level of support.
Look for retest before hoping into a new channel that targets the 2.10 area.
Areas are highlighted
If drops below 1.50 look for retest of 1.35 area.
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