Rolls-Royce share price March outlook26 Feb 2021 09:15
For all newbies and LTH, today was the day to buy further shares in RR (this morning).
Looking closely at the charts the share price soared to 118p this week and then erased some of those gains when it dropped due to sell of on Dow. It has already moved above the 25-day and 15-day weighted moving averages.
In my view, the shares will likely continue soaring in the near term as investors attempt to buy in (volumes are much higher now). If bulls continue, the next key point to watch in March is 120 then 130+, which was the highest level in December.