It looks like Rolls Royce has broken the ascending channel and has been forming an accumulation range around the 100 - 110 area.
What's next?
Potentially we could break out of this descending wedge into another channel?
I'm seeing 85.00 and 95.00 are the next support zones if so, and at that point I will accumulate more inventory.
The potential next resistance points are 130.00 where I'll be locking in some profits from a 104.00 swing trade.
Trade safe and Namaste!
What's next?
Potentially we could break out of this descending wedge into another channel?
I'm seeing 85.00 and 95.00 are the next support zones if so, and at that point I will accumulate more inventory.
The potential next resistance points are 130.00 where I'll be locking in some profits from a 104.00 swing trade.
Trade safe and Namaste!