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RYCEY

Multi-Year ABC Correction Ending For Rolls-Royce (OTC: $RYCEY) ⚡Rolls-Royce Holdings plc operates as an industrial technology company in the United Kingdom and internationally. The company operates in four segments: Civil Aerospace, Power Systems, Defence, and ITP Aero. The Civil Aerospace segment develops, manufactures, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services. The Power Systems segment provides high-speed and medium-speed reciprocating engines, and propulsion and power generation systems for the marine, defense, power generation, and industrial markets. The Defence segment offers aero engines for military transport and patrol aircraft applications; and naval engines and submarine nuclear power plants, as well as aftermarket services. The ITP Aero segment engages in the design, research and development, manufacture and casting, assembly, and testing of aeronautical engines and gas turbines. It also provides maintenance, repair, and overhaul services for regional airlines, as well as business aviation, industrial, and defense applications. Rolls-Royce Holdings plc was founded in 1884 and is headquartered in London, the United Kingdom.
OTC:RYCEYLong
by Bullishcharts
4
Will the Airlines finally take off??GREETINGS! I've made several posts on Rolls Royce and Raytheon the past few months. Ultimately, we remain bullish for another leg up, but the back-and-forth price action has been exhausting. Why are we bullish? Well, my strategies involve a simplistic basis of eliot wave theory which shows airlines and major indices have another leg, but I also consider other non-voodoo indicators. For example, Look at the put/call ratio or general market sentiment... EVERYONE IS BEARISH . The contrarian should be salivating. I'm here to provide an update on the RTX play. The primary count is still active, although price targets have changed slightly from the previous post (see related ideas below to see the DD). Here I think we are compressing into a triangle wave 4 of C, resulting in a delayed takeoff. I have the 1.272 extension at $95, but we could go to the 1.618 near $105 which would also result in a sharp peak out of the channel, which we often look for for blow-off tops. Triangles can be annoying to trade, depending on your time commitment available for your capital to be tied-up. This is because intermediate waves often consist of fakeouts! In this case, I think it's time to accumulate! I will be purchasing RYCEY and RTX (at these prices) as my primary exposure to the airline sector. Good luck!
NYSE:RTXLong
by warrenbudget
2
ROLLS ROYCE - WYCKOFF THAT MIMICS THE 2018 BTC RALLYThis post is to demonstrate a variety of trading techniques and relationships amongst similar patterns. Although this is focused on RYCEY, I provide reference to RTX as a representation of airline engine manufacturing and reference the 2018 BTC consolidation. Lately I've been studying the Wyckoff Distribution and found eerie similarities that are worth sharing. 2018 BTC Comparison of Wyckoff Distribution Take a look at the 2018 BTC consolidation. We have clean Wyckoff distribution with the absence of the Spring since there was a lot of buying pressure to turn the market around. Now check the recent RYCEY consolidation. Here is the ideal Wyckoff distribution image.binance.vision Moving Average Strategy Although we typically look for a Spring inflexion point to mark the end of accumulation, sometimes it just isn't there. The similarity between the daily 50ema and 100ema is what leads me to be inclined to bet that we won't have a Spring this time. Notice how we are pinched right between them and they are near crossing? Eliot Wave Interpretation Almost everyone watching RYCEY is aware of the 94% discount off ATH's and we are no where near pre-pandemic levels. In this chart, I've combined Eliot Wave principles to show completion of the ABC correction with subdivision of wave C - we have wave 1-2 extension landing right at the 2.272 which is what we look for for wave 5 completions. Wyckoff Interpretation In addition, the Wyckoff interpretation demands that you pay attention to volume! Look at this huge uptick in volume from the end of last year when the dividend was cut, and it still remains relatively high to this day. These are never before seen levels of volume with relatively no price movement since the big drop down into the $1 range. All of this hints that Rolls Royce is ready for a huge turnaround. My first target is $3. Using Competitors as a Proxy As initially mentioned, we are still looking to finish wave 3 for RTX which I am using as a proxy for RYCEY and the larger airline industry. Another leg up could correspond with a breakout of RYCEY and consolidation above the breakout zone as RTX pulls back for a wave 4. You can find that idea posted below in the related ideas. Link to RTX Post More info on Wyckoff distributions Other examples of Wyckoff Distribution Thanks for reading!!
OTC:RYCEYLong
by warrenbudget
6
RTX - A PROXY FOR AIRLINES/AIRLINE INDUSTRY (RYCEY, AAL, BA)Airlines have had quite the run up since the low. Warren Buffet is way past his prime. BUT WTF IS THIS PRICE ACTION!? I've done a fair amount of "research" into the numbers here and here's my best attempt to make sense of it. We all know the COVID correction was the E wave of a triangle. That was obvious. You see it on every major index. Triangles happen in wave 4's... so now wtf is this "impulse??" The 3-3-3-3-3 wave structure points towards some type of diagonal for the bullish count. This sort of chop is going to wash people out if you don't have a game plan. Here's mine. It's always critical to pay attention to RSI or some other momentum indicator to spot corrections. We know RSI rarely exceeds ~70 in corrections and rarely goes lower than ~30 in uptrends. We will use this rule to define most of the PA. We define the primary channel shown in bold. and subchannels for each subwave in lighter color. Annotations shown on chart. We see waves A and B of 3 clearly. When you get into the subdivision of C, that's where you have to pay attention to detail. Two conflicting things are shown. By EW rules you have another leg up. This also makes sense from the geometry of an expanding diagonal - you want to put in that awkward third wave. This would align with a channel break which is typical. However, if you look at the 4 hr RSI, you are already getting a reaction at 70. For this reason, I am not swing trading this last "potential wave up." I am waiting for a retrace of wave 4... might take a few months. However, I am still holding my long-term RYCEY as it is possible that stock pops during this last leg up. You usually see w4 marked by the channel bottom, and w5 must be larger than w3. For this structure, that would lead to a >50% gain. Here is my Boeing BA chart as reference which shows a very similar sort of relationship in movement, albeit coiling down triangle rather than impulse. RYCEY
NYSE:RTX
by warrenbudget
1
RYCEY Rolls Royce Part 2 This is Part 2 of a 2 Part Post. This post will show the move in the past that I found. Jan 20 2009 on a weekly chart. If you follow me you know I make a living off finding correlations just like this. I charted this by request and I was amazed at the price but also of what I saw. The chart has annotations on it. So you can read it there. That said I was trying to find something that mad sense on the Daily and it looked like hell.....So I switched to the Weekly and I found this. A move that is repeating itself back from Jan 20 2009 matches the move we are on right now. Idk about everyone else but this is how I make a living. I find moves that correlate with other moves from the past. They stand out like sore thumbs it normally doesn't take that long to find a repeating move but I will say this stock had me looking for a good 15 mins. I dont use indicators, I just use pure price action. I was in on HD last move up, RRR, SPCE, ET & ENBL, CWK, PLTR, CLNE, ACM, and CPNG to name the last few I was in on. Some I find the day before and most I find about a week before. Anyways, I had been wanting to get in on a stock to actually hold and I was going to buy PLTR to hold and then I charted this and lets face it....No one is letting Rolls Royce fall off the map, hell i just read they are about to break even and have cash in hand by mid year of 2021....so like now. They just signed a deal with SPCE to help make their propulsion engines. SPCE was down today but I bet we see some movement when its starting to pump again. Anyways I know a lot of you have been on this thing for a while. I am no one don't take financial advice from me. I hit my head and now I see things. But I did pick up my first 1000 shares of this stock and just wanted to share what I saw. if you invest in Doge or any other Crypto, this stock is as cheap as lot of those, however this stock has real value. They make Jet Engines and those fancy cars you rarely ever see but when you do you cant do anything but stare....This is a real investment at a really Cheap Price its so undervalued go look up top 5 companies that produce jet engines. Or go look up the cheapest Auto maker and compare their stock price to this. The potential is so Huge I have no idea how this stock got to this price but the first thing I thought of was after the bubble popped and all those name brands were at a discount like Bank of America, Ford , GM etc....people who bought up those stocks made a killing and are rich. Because they bought the stock when no one else held. Rolls Royce is ICONIC. Think about it. Its heavily backed and used by the UK. Do we really think the UK will let the most iconic vehicle maker in their country go belly up? Not only that SPCE is easily in the top 5 Aerospace companies in the world. They just signed a deal with them. The amount of cash on hand is about to increase dramatically because RYCEY has been working at getting rid of their Debt. The next announcement from them is due AUG 3. All these things laid out will add up to making this move up. Its following the same move it did in Jan 20 2009 to crawl up off the bottom back then, right now. The time is now. Its going to happen. And when its all said and done I will have at least 1000 shares of it. I know I have been a little quiet on here for the past month. However, when I saw this I couldnt stay quiet. You might not want to watch me because im not some idiot screaming hold GameStop when its $350/per share....but thats ok....Because if you think its worth that go walk in one of their stores. Im embarrassed by the amount of trash that is trading these days... and I am not saying dont trade it. Hell a dollar is a dollar. but if you follow someone who is screaming HOLD HOLD HOLD on something as garbage as Gamestop at a price that is 50-100 times greater than its true value...it might be why you are part of the 98% of traders that don't make money. Thats my rant. Like it dont like it at least I give you solid info on plays that you can make money on for free. by iCantw84it 06.29.2021
OTC:RYCEYLong
by iCantw84it
3
RYCEY Rolls Royce is $1.40! I had no idea, this is what I found.This is Part 1 of a 2 Part Post. This post will show the move in the past that I found. Jan 20 2009 on a weekly chart. If you follow me you know I make a living off finding correlations just like this. I charted this by request and I was amazed at the price but also of what I saw. The chart has annotations on it. So you can read it there. That said I was trying to find something that mad sense on the Daily and it looked like hell.....So I switched to the Weekly and I found this. A move that is repeating itself back from Jan 20 2009 matches the move we are on right now. Idk about everyone else but this is how I make a living. I find moves that correlate with other moves from the past. They stand out like sore thumbs it normally doesn't take that long to find a repeating move but I will say this stock had me looking for a good 15 mins. I dont use indicators, I just use pure price action. I was in on HD last move up, RRR, SPCE, ET & ENBL, CWK, PLTR, CLNE, ACM, and CPNG to name the last few I was in on. Some I find the day before and most I find about a week before. Anyways, I had been wanting to get in on a stock to actually hold and I was going to buy PLTR to hold and then I charted this and lets face it....No one is letting Rolls Royce fall off the map, hell i just read they are about to break even and have cash in hand by mid year of 2021....so like now. They just signed a deal with SPCE to help make their propulsion engines. SPCE was down today but I bet we see some movement when its starting to pump again. Anyways I know a lot of you have been on this thing for a while. I am no one don't take financial advice from me. I hit my head and now I see things. But I did pick up my first 1000 shares of this stock and just wanted to share what I saw. if you invest in Doge or any other Crypto, this stock is as cheap as lot of those, however this stock has real value. They make Jet Engines and those fancy cars you rarely ever see but when you do you cant do anything but stare....This is a real investment at a really Cheap Price its so undervalued go look up top 5 companies that produce jet engines. Or go look up the cheapest Auto maker and compare their stock price to this. The potential is so Huge I have no idea how this stock got to this price but the first thing I thought of was after the bubble popped and all those name brands were at a discount like Bank of America, Ford , GM etc....people who bought up those stocks made a killing and are rich. Because they bought the stock when no one else held. Rolls Royce is ICONIC. Think about it. Its heavily backed and used by the UK. Do we really think the UK will let the most iconic vehicle maker in their country go belly up? Not only that SPCE is easily in the top 5 Aerospace companies in the world. They just signed a deal with them. The amount of cash on hand is about to increase dramatically because RYCEY has been working at getting rid of their Debt. The next announcement from them is due AUG 3. All these things laid out will add up to making this move up. Its following the same move it did in Jan 20 2009 to crawl up off the bottom back then, right now. The time is now. Its going to happen. And when its all said and done I will have at least 1000 shares of it. I know I have been a little quiet on here for the past month. However, when I saw this I couldnt stay quiet. You might not want to watch me because im not some idiot screaming hold GameStop when its $350/per share....but thats ok....Because if you think its worth that go walk in one of their stores. Im embarrassed by the amount of trash that is trading these days... and I am not saying dont trade it. Hell a dollar is a dollar. but if you follow someone who is screaming HOLD HOLD HOLD on something as garbage as Gamestop at a price that is 50-100 times greater than its true value...it might be why you are part of the 98% of traders that don't make money. Thats my rant. Like it dont like it at least I give you solid info on plays that you can make money on for free. by iCantw84it 06.29.2021
OTC:RYCEYLong
by iCantw84it
4
RYCEY ROCKETAlright, yeah, yeah, yeah Yeah believe in yourself As 2 CHAINZ said - believe in yourself! Believe in the Rolls. Finally we look poised to breakout to those $2 targets. Riding this breakout zone for too long! We are all aware of the building divergence on the charts, but the sellers look gassed. ABC seems complete, for the corrective wave B. I am holding a conservative view and calling this an ABC up rather than w3. Again, remaining conservative for the lower fib targets for the next wave up.
OTC:RYCEYLong
by warrenbudget
4