The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Also have you noticed a pattern ? That we tend to be flat till evening and then rise just before close.
That’s because volume is really really low as of late. See for yourself.
We need volume for this thing to pick direction.
If you need good momentum invest in American markets. FTSE is unfortunately not the best for high volume, it lost its shine even more since brexit
Nobody here knows when sp will go up or down including me. DYOR and if you ask me why we are flat to red today that’s because UK economic data came out and it showed slowdown on economy, therefore with inflation worry FTSE100 is struggling today in contrast to other markets.
https://timesofindia.indiatimes.com/business/india-business/march-27-reopening-airlines-start-adding-international-routes-us-carriers-in-wait-watch-mode-due-to-ukraine-crisis/articleshow/90425740.cms
Lots of Rolls engines will start accumulating hours and will bring in some nice revenues
CW I keep checking crude oil not Brent. I use Investing.com & it’s iOS App to keep track of futures etc
I am invested using CFD at 5x leverage therefore stop loss is mandatory. If I have to bring it lower than 84.5 I have to deposit some capital.
If I had stocks then I would have not had any stop losses.
My payday is just around the corner so I’m hoping I can protect my positions by adjusting to 78 for few weeks.
I am betting on reversal as we’ve been in 90-95 range for way too long
Thanks for those responses cw1966. I am fully invested into RR with my break even at 95.54p. And stop loss at 84.55p. Just praying this wont break 88-90p support area. And recover a bit tomorrow.
Oil fell to 110p and not climbing back up. Will see what it is at tomorrow.
Good news coming out of this meeting. Less reliance on Russia oil. And no EU blanket ban on gas. Oil down 4% ( as I speak ). And US markets including travel there doing well. I just hope we make some comeback tomorrow. we flirted with major support line today 90-91 range. We just cant afford to go below.
USA saving out a55e5 as usual. Low volume and heavy shorting till 3PM and then gets bought back up due to increased volume
I am actually all loaded up with not 3x but 5x yes you read that correctly. break even at 95.5
Premarket 92-94p. ATB 50 mins to go
Good morning, Oil up, futures up as well, Biden in Europe, he just had hot shower and eating eggs benedict for breakfast
Hope you all are doing well. 85 minutes till market open
Since war broke out on 24th Feb we have nose dived and seen absolute low of 83.49 and recent high today of 95.37
Range bound : 90-95p with occasional visits to 89 range.
Hourly chart shows that we are due for a breakout tomorrow .
Up or down is totally down to market sentiment as fundamentals and technicals are sitting in waste bin currently due to war & oil cloud.
Now some technicals :
Our pivot point stands at 86.
Our preference: short term rebound towards 108.
Alternative scenario: below 86, expect 78.25 and 73.5.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 99.758 and 112.1888).
Supports and resistances:
117.5 **
113 *
108 **
103.5
93.1 (GBp-last)
89
86 **
78.25 *
73.5 **
Bad news :
- Oil rising
- Bad market sentiment everywhere except GME
- Russia counter sanctions
- Biden / US Sanctions announcements
- Worsening war ( Comedian needs to just give up and take peace deal ffs )
- Inflation
Good news :
- Rolls turning profits
- Covid is done. It’s just endemic
- Solid pent up travel demand for summer
- It’s sunny in UK
- International travel recovering nicely
Nobody is playing with this stock anymore. Never seen such low volume.
Where is proof reading these days. Lol
Copy paste from that article :
“Deutsche Bank‘s price estimate of 130p has been confirmed. And Berenberg also set a ‘buy’ rating with a target price of 160p this month. With the shares presently priced at 101p, I believe the Rolls-Royce stock price can continue to rise.“
Apparently we are at 101! ??
Sorry guys just venting my frustration here haha. Since Feb 24 we have been in this range. See monthly chart. It’s just flat ! Flat af. I just want it to go either up or down and get it over with lol
Don’t give me lectures on long term hold. Been riding since 2020. And seeing 92 in 2022 Q1 when covid is endemic and lots of pent up summer travel, is just insulting
Omg just eating away my margin n not going anywhere
Love your optimism inky