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
RRU trade ideas
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.
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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.
Support the legalizedhustler
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#financialnostradamus
Soon to be cccllc
A very long long tradeThis is the sort of trade you maybe end up passing down to your kids, as you can see the price did not drop over night ,and these things seem to take three times as long going up in price then down, As they say bears jump out of windows and bulls climb up the stairs, this is a great entry point and I own the shares rather then leverage trade them as should work out a lot more profit in the very long run, I have got small buy limits set at 90,80,70,60,50 etc to average into this aswell. Although the breaking of the 200 Moving Average could be the wrong way to go as this could see a lot more down side before more up