Member Info for Roydon1

Pockerchips : Fully agree , Much more died and die every winter of the flue / Cancer / Road Accidents / shootings etc..
But none of them caused a worldwide panic.
This will be an old story soon

Gazk : A descending Wedge will trade higher , that is if the SP breakout upward from the descending wedge upper line.
And the opposite happens for a "Rising Wedge"
Good Luck

Shamrock , yes , fully agree
IMO, I reckon we need couple of good announcements to get things moving in the right direction
Lets wait and see what that might be !
Good Luck

Just to explain how trades effect the price, for example look at RR. today :
Vol Sold 3,710,147
Vol Bought 2,722,100
So, it is not a straight forward , looking at these figures, you would say that the price should have dropped today, but the fact that it went up !
So the amount of shares bought and sold doesn't necessary tell you if the price is going up or down.
Don't forget , for every seller, there is a buyer, and vis versa
To fully understand the price movement, you need to have access to "Level2", and see the bids and offers from the MM (Order Book).
GLA

Correction :
201 was wrong, it is supposed to be 212
sorry !

Hi Shamrock :
OK, that's the daily chart ?, you are absolutely right .
Now, draw a straight line to join all these low points, and you will see that they all perfectly set on it (246, 235, 215, 201, 205)
Again, draw a straight line on the high points, and you will get most of them to join
Now, the 2 lines will form a "Descending Wedge) , if RR. break out upward to around 250 , then this will play out and take the SP to almost 400
Sound good , I hope so :)
Good Luck

Shamrock : LOL
He doesn't even know what UT is
hehehe

Mark : I am using the 1 hour chart & daily chart
RR. hit the low of 204 /205 around 3 times in the last 2 trading sessions , which forms a good support line.
Also on the 1 hour chart, you will notice that the Bollinger band gets very narrow, meaning that there is a big move to happen.
So, fingers crossed, I reckon it is going up.
As I said, I might be totally wrong, but this is how I see it.
GL

Considering the announcement from "Boom" today, and looking at the 1 Hour chart and the Daily chart :
1) There was 3 low points at 205, and they acted as a strong support from where the SP bounced back up 3 times.
2) Momentum on the Stoch is just turning upward.
I reckon we will see a strong move upward this week, maybe to 250 - 260
I would think many traders will close short positions, and go long.
All is of course is my opinion, and I could be completely wrong, but I am long, and my target is around 250.
GLA

Shamrock : well done finding this bit of great news !
The 380 is a Fab plan, I travelled on it many times to Dubai, China & Australia, actually, it is the best plan I have ever travelled on, so quit and stable , thanks to those Awesome RR engines.
GL

Of course they are, just like Apollo Program and Saturn5 rockets .
Now you have SpaceX
Progress and innovation
Old models, and new models

Casa : I think it is great news.. RR showing that the got the Technology to lead again.
"More than 50 ago, Rolls-Royce equipped the world’s first supersonic airliner, Concorde, with four Olympus 593 engines. With today’s significant advancements in sustainable propulsion, design, and fuel, Rolls-Royce and Boom are leading the charge to ensure that the next generation of supersonic benefits not just passengers"
So, they are not starting from Square One !
They already know how to do it, and now improve .
That is what business & innovation is all about .

Boom and Rolls-Royce announce collaboration to advance Overture program
https://blog.boomsupersonic.com/boom-and-rolls-royce-announce-collaboration-to-advance-overture-program-ed6663e4a369
GLA

US Air Force Teams with Boom Supersonic for Government Executive Flight Program Exploration
https://boomsupersonic.com/news/show/us-air-force-teams-with-boom-supersonic

I think this is good news !
And I can see the SP nudged up
Hopefully more details to be announced
GLA

It looks like there is a bit of a battle going on between Bulls & Bears here
I would imagine, if the bears win and push the price under 200, then they will be able to push it much further down after that.
But the bulls are putting a fight and keep buying when the price goes below 205
Interesting to watch !

Bouncing off the 205 resistance again , done it now 3 times, seems to be good resistance line, holding so far .
Also if you look very carefully, we are on "Higher Lows " on 10/9,,,, 11/9 ,,, and today so far
Good sign of holding.
GLA

Patanj :
Tesla reached the dizi height of 530 before it crashed to 300
notice that it bounced down off the 400 resistance on the way down, and it might do it again to an even lower range
I would be carful, it might go below 300
Good Luck

It looks like KAZ is moving now towards £6 and above
GLA

Too much noise and no substance
I don't mind someone with a "Strong Sell" opinion, but lets have a debate, not mud slinging others because they have another opinion !

Oxford University to resume vaccine trial after pause
https://www.bbc.co.uk/news/uk-54132066

I think this is positive news , in the direction of getting this mess sorted.
IMHO, it will help to improve sentiment towards travelling.