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Hi Etank I am with you on that, I am in Phoenix too but I find it hard to understand the near 50 % price drop since 2020 something structural must be happening which is not immediately apparent to me but perhaps someone can explain it to us in basic layman's terms.
Etank also I am looking at the copper futures they seem to want to make a breakaway move from the 4$ mark now and a break out of the '4' wave above $ 4.5 'might' indicate a storm brewing and maybe progress above 5 which case this may be a bunny runner for after easter. usual caveats IMOO DYOR
AchillesZeno meaning.. The ALGOs will kick start another momentum in that the 'Afterburner' accumulates at the end of the month, which the happy bunny can then bring home for the Golden Eggs for the Easter table. 😉
Etank, thanks for the note as mentioned the tea leaves are not telling any positive signs to consider buying PHNX on the other hand RR has now taken off and is heading towards the ATH by the looks of it today.
The consensus amongst all the combined estimates of analysts covering the stock is now £ 417.27 and the tea leaves remain on schedule to close the week on 21 consecutive weeks of higher lows It is a phenomenal take-off towards the 444 ATH
Nettles, well spotted it's all taking off now and flying north and the tea leaves readings agree so let's regroup and put our paw/sails together towards contour the 429 waves of potential short sellers as we hit the initial resistance objective at 450 on our path towards major objective round 500 with only Mr Market/Biden election is our immediate turbulence and in sight.
All I can say (not being a qualified insurance/specialist broker) is that the technical charts are awful i.e. lower prices are on the horizon until a confirmed uptrend is established in place sorry but that is what I see reading the tea leaves...
Roger that stargate a weekly close above 134 a fresh new course target is set in motion for a retest of the old 146 ATH (2021). IMOO DYOR
SkaLasNorse you get the points 100 % matey I think I have shown our magistic cat the northerly direction patch to runway £7 and my suggestion is he stays clear away from the bad dogs as they shall only end up barking him off the runway before he gets his paws ready to full brake up and crash.
Nettles I hear you on channel '7' all clear permission to land in Feb 2025 follow the guidelines set out in the presentation especially page 14 which has your nameplate (narrowbody) doesn't it good luck when the SMR runway hopefully is made clear & accessible to the masses.
https://www.rolls-royce.com/~/media/Files/R/Rolls-Royce/documents/investors/rolls-royce-investor-presentation-march-2024.pdf