RRU trade ideas
RR TO FAT RETURNto goal of most analyst is 3 dollar for the end of 2021. therfor that would be a 3:1 return on your overall investment or trade.
what will be the most important thing to watch will be the break higher of this triangle.
the good thing is that the last green candle could ether be a fake breakout and all the analyse is to make again.
or we have our nice break and confirmation of the move upward.
Long Term Analysis on Rolls RoyceLSE:RR. OTC:RYCEY
Looking at RSI trendline, support trendlines, volume, the stock looks like it is preparing to go somewhere.
The last Impulse wave began in October 2020 and ended in December 2020.
I believe we are about to complete the correction we are in since December 2020, and preparing for another move up in the near term.
RYCEY - They don't want to see the Wraith!In the words of Meek Mill, "They don't want to see the squad, they don't want to see the Wraith!"
I think we are "Litty" again with this one boys and girls and it's time to hop in the Wraith.
Rolls Royce
- Iconic brand. Can you see a world with no Rolls Royces?
- The stock is trading at an all-time low at $1.34, it IPO'd in 1995 at ~$2.35.
- The RSI just bounced off an all-time oversold level and is now showing higher lows. The bad news about the airline industry and lack of engine sales attributes to this. Buy when there is blood in the streets.
- The MACD is showing a shift in momentum beginning.
- It appears we have finished a huge long term head and shoulders pattern and are ready to fire back up.
In a market where ALMOST EVERYTHING IS OVERVALUED, I feel like RYCEY could be a diamond in the rough. I'm a buyer at $1.34 and see potential targets of $5.58 and $8.99 in the next 2 years! If that happens you might just catch me in a Wraith :)
Tough Week for RRCurrently RR is in the bearish zone and most probably will consolidate at this level for few days and will try to test the resistance at 100 .Every fundamental news easy raise again the price to previous level of 105 - 120. On 1 hour, 2 hours chart we can see that the EMA 50 crosses EMA 200 few day ago, but on 4 hours this will appear on Wednesday or Thursday and this could push again the price lower to 88-92 range. This is not advice.
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.
Rolls RoyceIt looks like Rolls Royce has broken the ascending channel and has been forming an accumulation range around the 100 - 110 area.
What's next?
Potentially we could break out of this descending wedge into another channel?
I'm seeing 85.00 and 95.00 are the next support zones if so, and at that point I will accumulate more inventory.
The potential next resistance points are 130.00 where I'll be locking in some profits from a 104.00 swing trade.
Trade safe and Namaste!