ROLLS ROYCE price analysis - take-off with 70% profit?
Hello everyone,
Today I want to share my thoughts on Rolls-Royce.
- I'm not really a fan of a shoulder-head-shoulder formation, but this time the targets just fit too perfectly in a fundamentally friendly market environment
- The price is about to break out of the bottom formation
- I expect a dynamic breakout
The plan
- Enter on a weekly close above the upper trendline, or on a retest after the breakout
- Trade to the golden pocket of the last correction
- Almost 70% profit seems possible without touching the downtrend
With this in mind,
Good luck $ Keep it simple
Max
Today I want to share my thoughts on Rolls-Royce.
- I'm not really a fan of a shoulder-head-shoulder formation, but this time the targets just fit too perfectly in a fundamentally friendly market environment
- The price is about to break out of the bottom formation
- I expect a dynamic breakout
The plan
- Enter on a weekly close above the upper trendline, or on a retest after the breakout
- Trade to the golden pocket of the last correction
- Almost 70% profit seems possible without touching the downtrend
With this in mind,
Good luck $ Keep it simple
Max
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