Member Info for PSK

Rycey currently trading at 87p

Metom
looks like its following the same pattern when it fell from 92p not so long ago.
if it drops 2-3% tomorrow or Wednesday then that will be confirmed and back down to mid to low 80s

Minvest
December 01st 2021 share price was £1.2614
December 31st 2021 share price was £1.2288
Recorded a low of £1.0712 on the 20.12.2021
Recorded a high of £1.3300 on the 07.12.2021
on the month it ended down.

https://airinsight.com/rolls-royce-trent-7000-reaches-milestone-but-has-its-issues/

Thats a Mike response wtf

Minvest
Ok let's see how it plays out as indicators are not always correct, as you say could break last year's highs lol

Not the only thing but it shows people that trade stocks that its overbought, not everyone is a long terms holder hence the volume RR shows on a daily basis.
I have the the hourly at 77 and the daily at 66 so the 4 hour is more than likely around 70 which to me is overbought would you not agree?

Minvest
You just told me what it was at 83p so how do you not know what it is now? Can you check your chart as it will show you where it is currently.

What's the RSI now is what I am asking

Minvest
You like to point out tea cups from charts but can you also confirm the RSI if it's overbought on the 4 hour chart.
Also the shareprice is 91p not 92.5p

Minvest
How's the RSI looking?

FWS78
Its ok plenty of opportunities to get back in when it drops, markets will not go up in a straight line.
Also very low volume today currently only 7.5m

The price movement was a little concerning for me that's why I sold today. I can only see this small rise is off of the back of the DOW and FTSE being up so much.
I will be back just not until I think it has turned.

Just sold 100k shares will wait for the drop to stop before buying back in.
FTSE up DOW up RR just about managing to stay positive, what happens when the FTSE and DOW drop 1-2% I don't see RR holding up very well so all in cash for now.

The way this is losing value everyday I cannot see a catalyst to get this heading back to 90p anytime soon.
Will see if it goes back to 86p looking to go back to cash for now.

Badland
More than likely but cannot be sure as RR have been at £1.50 not long ago not sure why it is still in the 80s when we have more on the book now than we did then

Badland
If RR have 50 billion of back orders and the share price continues to fall then adding more to back orders is not going to help it unfortunately

good volume so far today 10m before 11am

Phyl
Not a full lockdown but they keep locking down areas when they have a few cases. China have had their first death from covid since May and they are in full panic mode.
How a country can still panic over a few cases when the rest of the world have more cases and have been fully open for I cannot even remember how long its been that long.

Phyl
I think it has more to do with the fact that China are locking down again on a few Covid cases.