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But don't forget the most important thing, and it is when the trend change direction
That is the point that everyone is looking for to make money
for example, it could be the bottom of a downtrend or the top of a rally
That's where other indicators come into play to "Indicate" when to go long or short.
Indicators such as MACD, Stoch , RSI etc..
Also there are trading patterns, that can indicate the direction , or change of direction
it is not simple or easy, otherwise we are all Millionaires
GL
Special666 : You are welcome, I am looking at the Daily chart, and the 200ma is way up at 400 follower by the 50ma at 248 , followed by 20ma at 225
I think from what I know there are two important things regarding the moving average :
1) when the 50ma cross the 200ma (cross it up or down) it does effect the share price direction in a big way.
2) Traders golden rule : go long when the SP is above the 20ma, and go short when it is moving under the 20ma
Check it out on the chart, it works every time.
GL
Hey Shamrock : you know something ?, I got it wrong the other day , when I called it "Descending / falling Wedge", it was actually a "Descending Triangle", and it is bearish , that's why we had the drop from 204 to 182 .
Well, the shapes and conditions some times are pretty close, and they need an eye for detail !!
GL
Special666: Yes, when the 20ma is under 50ma which is also under 200ma I would say bearish .
Thats why when the 50ma cross upward the 200ma , they call it "Golden Cross", and considered to be bullish.
Not a stupid question at all, we all learn something every day
All the best
On the 1 Hour Chart, the MACD has now a "Bullish" divergence upward.
The interesting thing that this is also happening on the Weekly Chart.
So, I would expect a bounce upward tomorrow, and because this is also on the weekly chart, then I would expect a gradual rise, specially after climbing the 200 which is now a resistance line.
Shorters be ware , you might loose your shorts, and if you don't have a "Guaranteed Stop Lose" then you might even loose your underpants ,, LOL
I think time is up for talking down this share without any supporting facts.
OK, there was a panic selling when it crossed down the 200 line, but now buyers are moving in back again, and momentum is turning up.
At lease I can back my words up with the charts, check it out ! , not like someone who is just talking words full of "HOT GAZ"
GLA
"These could include debt and equity but no final decisions have been taken."
What does this means ?
Anyone can explain please
I thought Potential disposals to generate proceeds of more than £2bn over the next 18 months, including ITP Aero will eliminate the need for RI ?
Any thoughts ?
Dont know if this a latest news, but it looks good !
https://zenoot.com/more-positive-news-for-rolls-royce-in-derby/
I live near Stansted Airport, and I can tell you from what I hear and see on a daily basis that the flights level are almost as they were before COVID .
Sentiments will change rapidly once reports and announcements come out about resumed international flights.
GLA
On the daily chart, and 1 hour chart ,
the RSI is under 30 (oversold)
I would think lots of buyers will move in now, causing a bounce
To be honest, I don't know how far that bounce will go, but if you look at the 1 hour chart, then it shows that it can go to 217
GLA
I see new names popping out here every day, they just started posting on RR, and it is all doom and gloom.
They don't post anywhere else, just here !
I wonder how many of these daily new names are shadows or fake, just to generate noise .
It is almost like a propaganda campaign of some sort !
I find it very strange, and I am just filtering them as fast as they appear.
What a waste of energy from some looser
GLA