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No, Millie, I don't use VWAP myself but that's not a criticism of it - although I gather it becomes less useful as a trading day progresses and the weighted average gets less responsive.
I'm generally a long-term holder who trades the highs and lows in order to optimise the average value of my holdings and make a few quid.
Boyobach thanks a lot
Generally I am good to take decisions, but I have several batches and I got in mental freeze: I can't get myself together to buy more on the drops neither to sell any.
Tx again
Boyo.....do you use VWAP at all?
Hi papucel.
I routinely use Chevron, Exxon and BP as majors to compare with RDS for obvious reasons. Chevron is a good benchmark - possibly the best performer of the group and one that has not cut its dividend. Why would you not compare RDS to a top performer? I assess my resistance levels from observation - they are fairly obvious off the charts. I don’t use calculations based on Fibonacci or other models: where an sp has encountered resistance or support previously then it is very likely to occur in the same price band again - with support occurring along the lower edge and resistance along the upper edge of a given band. RDS didn’t go higher than 1390 in May, so I guess you meant mid March, when the sp tested 1518 and did not advance further - similar to Chevron and BP etc at the same time: https://invst.ly/v85y7 . You’ll no doubt notice that RDS has weakened in comparison to the other two since then.
There’s never any certainty that a price will break through a given resistance - it’s simply a level where sellers increasingly come forward in anticipation of a reversal, which tests the volume of demand from buyers - the outcome simply depends on which group is larger. A support level is similar but, obviously, working in the opposite direction.
Boyobach
1. I wold not compare RDS with Chevron size wise just as pattern as I have part om my portfolio in US and it is mad money, all the ratios are 15-20% up on like by like performance IMO
2. Please explain the "resistance point" calculation as indeed I see it up to that point then down. I am on investing.com with dozens of KPI's, where should I look to see yours?
3. As I recall mid may it broke to 1503 and I assumed it will go north.... bad assumption :( why do you think that even if it broke through the resistance point it didn't move up?
tx
Well I hope you (and we) see some upside here fairly soon, Armani.
There’s some optimism around here today but, in reality, RDSb is still below the significant resistance level near 1440 (red here: https://invst.ly/v80jd ) which it needs to retake in order to make any credible attack on the main barrier at 1520, even though it managed similar levels in H1 2020 when OP was less than half the current price, as this comparison with Brent and Chevron demonstrates: https://invst.ly/v80lz . It’s ordinarily a slow plodder and historically priced as a dividend stock with limited growth potential
Bought back into SHELL.
Took profits from Banks as I beleive higher highs in 2021/23
ATB