Weekly chart, the stock is facing a long-term resistance line (started Jan 2014, dashed grey-colored line); so it needs strong bullish power to beat.
After crossing this resistance, the target will be 615
Technical indicators: MACD is positive, RSI is showing over-bought - which indicates tendency to have some correction.
Looking for RYCEY after 5 months of consolidation to continue to move to the upside with a target of $3.50.
This is a long term hold for me, but looking for 100% gains at the very least.
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Founded in 1904, Rolls-Royce plays a significant role in the global economy up to date. The company operates in different economic sectors and serves a broad market:
Civil Aerospace:
1. Major airlines: They supply engines to leading airlines worldwide, including Emirates, Singapore Airlines, Lufthansa, and American Airlines.
2. Aircraft manufacturers: They work...
Rolls-Royce Holdings plc is a British multinational aerospace and defence company incorporated in February 2011 that owns Rolls-Royce, a business established in 1904 which today designs, manufactures and distributes power systems for aviation and other industries.
source Wikipedia
On the hourly chart, we see a triangle forming. After a clear breakout of the triangle during the next session, we will look for opportunities to enter a LONG position.
*safe investment opportunity - low risk*
Each candle on the above chart represents 6-months of price action. You can be sure not many people are studying this time frame.
A new candle was printed at the close of 2020 following an astonishing 80% correction since mid-2014. We can see previous price action resistance from dot.com bubble is now winning strong...
Rolls Royce is showing bearish signs, it seems like a perfect short sell. Three black crows is a bearish candlestick pattern when three red candles sequentially break each other bottoms
I read somewhere that companies are not required to pay dividends to shareholders (this is correct, yes?).If so, then if company A never pays dividends to its shareholders, then what is the point of owning company A's stock? Surely the right to one vote for company A's Board can't be that valuable.What is it that I'm missing?
definitely if the stock has no...
Rolls Royce about to go ballistic, the 3 month MACD is about to cross positive in a month or 2 and the Bollinger bands predicting a high of $14. Hold on to your hats :). This is a long term hold with big benefits. This is not financial advise, please see a professional for any investment advise.
Thinking this is a great overbought trade here.
RSI 75 overbought conditions.
Massive gap too be filled around 115
Entered zone of previous sellers(resistance)
ideally for a long position it would fill this gap and then bounce again which coincides with the .38 fib that's present in that zone.
Background on $RYCEY
Rolls-Royce. Ring any bells? Technically, Rolls-Royce Holdings plc. Airplane Engines.
Lower low of RSI trend broken
Where is the bottom? Price discovery ongoing, potential development of an accumulation zone.
It seems like RR is finally flying, chart setup is similar to Boeing.
150MA crossed over 200MA
Moving average aligned nicely 20/50/150/200 confirming the upside.
Anticipating for the next bull run.
Plus abit of good new: www.reuters.com
The luxury car market is a lucrative and growing industry, with a current market size of approximately $78 billion. It is expected to experience a compound annual growth rate of 5.4% from 2020–2025, driven by factors such as increasing disposable incomes and consumer demand for high-end, exclusive vehicles. However, the current macroeconomic landscape has had a...
Rolls Royce (RR.) - 30d expiry- We look to Buy at 79.07 (stop at 75.15)
Short term bias has turned positive.
Levels close to the 50% pullback level of 79.62 found buyers.
Levels below 80.00 continue to attract buyers.
We look to buy dips.
Daily signals are mildly bullish.
Our profit targets will be 88.88 and 90.88
Resistance: 90.00 / 94.80 /...
A picture tells a thousand words.
Let's learn to read the picture.
Price is seeking value and creates a pattern.
Small value areas form within a bigger value area.
Trading opportunities arise at the outer edges of the bigger value areas
target at the control line.
The trend will change if the price starts making HH, HL, LL, LH.
It will then start to form a new...
Weekly chart, massive descending wedge. Bullish RSI divergence, with current weekly RSI breaking out and just retested the backside of trendline. If this were to play out the measured move would be close to 3$. Its a weekly, so lots of time here its not going to move overnight. Personally, i'm going to be keeping a close eye on this one.
Simples... Nice run up into HTF resistance so expect pullback and price action painting a descending triangle.
I could go into far greater detail but where's the fun in that!
Accountability.
