RRU1 trade ideas
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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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
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.