Member Info for Mooney111

Been there R101. Things have been significantly less stressful since I began mostly day trading and held very little overnight . Theres a falling trend line on the hourly chart which capped all of yesterday's highs (other than a couple of minutes which were higher at the open). It currently resides at 112 and I think it'll be broken today which should open us back up to an uptrend. This trend line has held all week so if it breaks it should signal the end of the down move. Good luck everyone.

That's great news to hear. Thanks for sharing!

Hi

I'm intrigued as to why you think this is bad? My personal opinion was that there were no surprises and looking forward things are encouraging?

GLA

Glad that I havent misunderstood that. I had thought the same with regards to it being labels too which I think is a huge positive. The only bit I feel I'm missing is where the remainder of the 70million is coming from? 12million raised. More in exchange for the debt but no mention of the remainder for the buyout?

GLA

Hi all not sure if I've understood this correctlt so hoping someone can advise.

My understanding is that the additional share capital is going to be raised in effect as an exchange to clear the Napster debt meaning the reported £40m owed goes away? If I've understood this correctly then on my opinion this is a big positive. I've personally topped up this morning also.

GLA

I was struggling to find why 120 was significant on a daily chart and driving myself nuts but for anyone who hasn't worked it out (sorry if I'm stating the obvious), but 120 is the highest resistance on weekly chart before it's back up to pre COvID levels. I'm hoping that I'd we break that this week - rolling through to 150 should come easier and is the next solid resistance Hopefully this side of Xmas. Doesn't show it on all platforms but where the prices have been adjusted for the rights issue it should be clear.

GLA

I'll add to that - because this drop appears to be at least Europe wide. But still can't fathom why rolls would be so comfortably into negative territory under such good news.

Perfect example just now. Hit VWAP on way up, rejected and dived. But who is driving this or indeed brave enough to ride it ? And what would the targets. I'd consider this very risky against such positive news but obviously a lot of people don't. It's driving me crazy not having an understanding of this other than MM's in action

Hoping to still see a good uptick today. Would be happy with 116 but would hope northwards of this today. I do however feel like I'm missing a big piece of the puzzle because I just can't work out how there's enough sellers in the market to continue to drive prices lower - especially into negative territory like it has done several times today. What are traders selling into at a time where this would surely represent huge risk? Happens consistently with the normal ebb and flow but I can never make sense of what someone would be judging as a sensible trade. I don't believe it's profit taking and unfortunately I also feel most of the news is made to fit market reaction rather than it being a true representative of what's driving the market. Anyone who might be able to educate me would be welcome. Particularly if you are shorting (even though it's rather unpopular).

GLA

And for everything to dive on the open......especially when the news was so fresh this morning

This is the strangest reaction across the whole market

Just praying we don't cop a no deal and that all vaccine news here out is positive.

There's a solid trend line on the 15min chart which we've kept bouncing off of on the way down. Looks like we've broke it now and can head back up but 200MA looks like it's providing the resistance. hopefully back above this we'll be good. Had a decent amount of consolidation on the FTSE over the last few weeks too so hopefully good news RE vaccine approvals and Brexit and we'll be heading back towards 137.

GLA

25% of its pre-covid value. can't see how that would stack up

Hopefully Goldman Sachs or similar buying back in

Doesn't look like a glitch but also recorded at 16.36 so beyond the close?? It's not showing as the closing price on IG

I've seen this info on a trading update several times as being 3nd December but I'm seeing 12th December in rolls Royce financial calendar. Am I missing something here?

Thanks

GLA

Hi, I share your views regarding the historical precedence with the AZ vaccine. Still astounds me how many 'anti-vaxxers' ther are out there.

Does anyone have any insight on how long the approval may take with consideration of the 'rolling reciew' which has been on place in parallel?

Thanks

Great link, particularly because id never really considered how great VR could be for the older part of the community. The theatre element of this will have greater legs than I'd realised previously.

Thanks

Don't know about anyone else but it never fails to amaze me that even when there's nothing but good news, there somehow manages to be enough people selling to go in the opposite direction to the market. Held up quite well with the rough open but continues to push lower levels as the FTSE is rising. Patience obviously necessary but frustrating none the less