RYCEY - They don't want to see the Wraith!In the words of Meek Mill, "They don't want to see the squad, they don't want to see the Wraith!"
I think we are "Litty" again with this one boys and girls and it's time to hop in the Wraith.
Rolls Royce
- Iconic brand. Can you see a world with no Rolls Royces?
- The stock is trading at an all-time low at $1.34, it IPO'd in 1995 at ~$2.35.
- The RSI just bounced off an all-time oversold level and is now showing higher lows. The bad news about the airline industry and lack of engine sales attributes to this. Buy when there is blood in the streets.
- The MACD is showing a shift in momentum beginning.
- It appears we have finished a huge long term head and shoulders pattern and are ready to fire back up.
In a market where ALMOST EVERYTHING IS OVERVALUED, I feel like RYCEY could be a diamond in the rough. I'm a buyer at $1.34 and see potential targets of $5.58 and $8.99 in the next 2 years! If that happens you might just catch me in a Wraith :)
