focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Weak pound and FTSE pulling us down
My opinion is 105.5p before bounce.
Supports and resistances:
130.75 **
126.75 *
122.5 **
118.5
110 (GBp-last)
105.5
102.75 **
96.25 *
92.25 **
How is everyone holding up?, Don't jump just yet! we are just going full thrust now. Not time for V1 rotate.
We will go to 118p first followed by 122p
Upside target : 118.5 - 122.5p
Our pivot point stands at 102.75.
Our preference: the upside prevails as long as 102.75 is support.
Alternative scenario: the downside breakout of 102.75 would call for 96.25 and 92.25.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 108.016 and 106.9216).
Supports and resistances:
130.75 **
126.75 *
122.5 **
118.5
110 (GBp-last)
105.5
102.75 **
96.25 *
92.25 **
Agreed, I am confident US will open up soon to. I mean it'd be detrimental to them if they stay shut forever.
And more chocolate on the cake news :
FTSE is super bullish and look at weekly/daily chart. Its raging up!
To add icing on the cake,
worldwide covid cases : https://www.worldometers.info/coronavirus/
are at an all time low.
All vaccines are highly effective against Delta variant. so good times !
Emirates, Qatar, British Airways fleet is big enough which cover these routes with RR engines on A380s, 777, A350s etc.
Well said Buyer. UK is small part. amount of flights going to Asia <-> Europe <-> US and population comparison in contrast is HUGE!. And this is actually the news we are looking for which confirms expectations of travel rebound during second half of 2021
More transatlantic travel which is awesome for RR engines.
The European Union could add the United States and several other countries to its travel “white list” as early as Wednesday, allowing vaccinated visitors to forgo quarantine requirements and move more freely between the 27 EU nations.
According to Bloomberg, sources with knowledge of the situation said Portugal, which currently heads the EU under the union’s rotating presidency, has recommended adding the U.S. and eight other countries — Albania, Hong Kong, Lebanon, Macau, the Republic of Northern Macedonia, Saudi Arabia, Serbia and Taiwan — to the list of nations from which travel is allowed.
A decision is expected from officials in Brussels on Wednesday.
US added to whitelist in EU to travel for non essential reasons. Announcement coming today
Being reported this morning..
Since 1.5 years I have always noticed RR is an amazing stock to day trade with leverage.
Its fluctuation range is known and very sensitive to news. If I only wish brokers didn't remove margin I'd be a millionaire by now lol
Well done boys. 107 is our bottom. Seeing a nice recovery this morning. Lets hope it continuous this trend. GLA and stay positive we will see some sexy days ahead
RR101, Falky, Johnny, Cw, Stockready you guys picking more up in this pullback?
I adjusted my stoplosses to 98.5p and its become a waiting game now :D
I'll focus my efforts in US equity market until this recovers. I am still fully invested since Dec 2020 with over 66K shares. averaged at 114p
We have strong support at 105 range. Lets see if we hold nicely above and bounce up. Once this news is absorbed we should start restart climbing up again.
I saw CNBC yesterday where Delta CEO was talking about July 4th US-UK corridor review. I am hopeful next review will add more countries.
Just remember once US corridor is added this will explode. And we are just around the corner. Hang in there boys!
I've yet to see a green candle on 30m chart. Its been red the whole day. If this trend continues this afternoon I think close will be around 103-105p
Hi lovely people,
Just honest opinions. With all this news setting in where do you guys see the bottom is?
Thanks :) SS
I don't think locking down India is the issue completely. Lack of proper social distancing and measures to prevent spread domestically is the issue which is causing spike in cases.
I mean clearly if everyone is roaming outside unvaccinated and without masks whether its india, uk, brazil whatever covid will spread.