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Back to that chart and set to candlesticks and 3M. Gap at 103p now filled ? I can see others at 102p and 99p. Might be enough to sort it who knows ?
https://tradingeconomics.com/rr:ln
On this if you set RSI and Stochastic from the indicators they are also falling to the lower range. Buying territory if the tea leaves play out. ?
https://www.lse.co.uk/ShareChart.asp?chart=technical&sharechart=RR.&share=Rolls-Royce-Holdings
Can't take your eyes of the US markets that's the problem and of course pandemic isn't helping at all.
If we need two doses then the world is a mile away.
https://tradingeconomics.com/country-list/coronavirus-vaccination-rate
Rr 101...No expert but gaps do get filled but not always. Maybe if the price is in that region the filling process happens ? Just something I looked at on RR as you can see far more with candlesticks than line charts. Powerful moves with long candle wicks can indicate exhaustion in both directions. Another one to watch out for.
IAG I can see one at 205 and 215 above and the one at 150p below. How accurate the chart is ?? No idea.
https://tradingeconomics.com/iag:ln
Metom , if you check the chart it is only swinging a few pence each way , folk are still buying in so just a bit of patience . bit of good news this will jump fast .
Something miracle needs to happen for iag and Rr . They f both done right issue with in 2 months into pandemic straight away . They knew very well how hard this is going to hit the airline . My argument is having right issue too early did not f helped did it ????
If that’s the case, there’s a gap at 150 on IAG that’s not been filled so the company would technically be devalued by 20% in order to fill this?
OTC, are you suggesting that all gaps get filled eventually?
It's normally difficult to answer why moves happen in markets. The media always find some reason for a rise and then another for a fall. Guesswork to sell news.
All I know is RR is poised for recover but when no idea.? The CEO has given three updates this year based on air travel numbers but given the recent events are they accurate ? August and we'll find out. Good sign is there's been no adjustment to guidance ? I'll take that one.
Pandemic is here for a while so they say. Whatever that means ? People are still cautious even if they were set free today. Nobody knows how the latest cases will develop worldwide. If this was last Autumn the UK would be considering closing down. Just need to get those jabs in.
Anyway last night I posted about some gap filling. That's if they mean anything. ? Well the one at 107p has been filled today. There's a one at 103p ? Set the chart to 1M and change to candlesticks. Then set to 3M. Is there one at 99p ?. A quick drop to 99p then boom we are away again. Come on RR.
https://tradingeconomics.com/rr:ln
https://tradingeconomics.com/rr:ln
Positive news = share drop people on here still don't understand rolls is being controlled by big finical companies, I'm still at a lose and wish I was wrong but its been like this for 12 months
When travel opens up I wouldn't be surprised to see share drop like a stone to 90s
Whilst agree that RR gets dragged down by general market sentiment -i.e., that potentially arising from UK travelers having to quarantine. The substance of sentiment isn't particularly harmful to RR in my opinion. Far more important is whether the E.U. and U.S., restart reciprocal travel arrangements. Also, keep an eye on Asia - these are the decisions that matter to the health and viability of this company, when it comes to commercial aviation.
Upped my share budget today rather than have some money sat in low cash isa or accounts bought more rr at 106 .28 havecash left to buy more rr see where pruce goes 18month or longer can wait
I’ve been saying for months this is not going anywhere this year.. sit tight but this share will
Fluctuate between 90p-£1.20 for another 6 months
106 IS A HARD RES TO BREAK
- UK Cases rising
- Germany proposing to quarantine UK travellers
- No update on US-UK corridor
- Greenlist still tiny
- July is here..
- Its friday today so usual profit taking to avoid weekend shocks ( derisking )
^ These are I think acting as catalysts for pullback.
Supports to look at
104p
102p
100p
96p
There is no opening and there isn't going to be for sometime. That realisation, coupled with the uncertainty / fluidity associated with the incompetently managed traffic light system and the travel industry (and the general public) has almost given up on travel this summer. I noticed that one company hasn't even bothered to open up its booking system. The price reflects this realisation, IMO. Along with the concerns raised in my other post.
the challenge is that the opening wasn't priced in as far as I could see. It's held back already, and even dropped when Portugal was removed, so with the opening not priced in, it still drops.
and IAG is taking another dive again as well.
Of course, none of it matters because i'm not going anywhere, but boy this is frustrating.
True to my prediction last night.
Continued uncertainty. Lots of non-statements and limited action, on the part of Gov (e.g., no inclusion of U.S., on list, inclusion of a green watch list, statement of intent regarding 2-jabs Amber is vague and may not happen, E.U., may require isolation etc...). Add inflation fears to this and general uncertainty around RR's future guidance regardless ...and there's little reason for this to move upwards.
Only hope now is announcements regarding asset sales and/or the Fed and so on are wrong about inflation. These are the main drivers of the RR share price in my opinion.
Now I can honestly say I'm confused. Same with IAG.
All positive signs, even a few international locations now on the list that will let us in, and what happens, it not only stopped, but it's still going into reverse.
I guess we will just have to wait for results now, and keep our fingers crossed that they don't change their guidance on nett free cash flow/flying hours etc.