Rolls - rr.

rr.daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...dLy4%2FbelCFztaZM%3D


Was watching this on Friday and was tempted to buy....but didn't actually end up pressing the buy button
Decent recovery candle here on Friday....so this could see a tad higher but is it the bottom?

Guess we need to see a higher high and or break above the 20 and 50 day ema lines to be sure...
If it does drop lower again.... between 85p and 65p which is the targets i was looking at on the monthly chart as a retest of the all time lows....i think could well be the place to be brave here and buy the falling knife

rr. - monthly
uk.advfn.com/p.php?pid=chartscreenshotsh...MCK8mZ8t46QaA3NSg%3D

lets see...i think up a tad up then more down for a final leg lower....but as always wdik..

atb
trendfriend

rr - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...ALBixGjjIXqQS7cDs%3D

pretty much text book confirmation of a dead cat rally here imvho....
failure at the 20 day ema line and failed to break out of rsi resistance line....

I think it should while inside the channel make another lower low...

lets see...
atb, wdik, dyor
trendfriend

rr. - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...dtie+bOXP9no9rM+p78=

wow what a rally wish i got in now!
looks like a short squeeze!

Still no evidence that the bottom is in here imvho....and i think this could well come back for a lower low imvho...
Bearish stocks always have trouble around the 50 day ema line.....and breaking above that feature here was actually the signal of the end of the rally....
the red arrows shows the previous attempts....

75p area while inside the channel imvho....

atb, wdik, dyor,
trendfriend

I have very limited funds, so only trading less shares... but heard they are doing some rights issues? will get more info...good luck if you trading TF

didn't realise they were going raise more funds here!
i thought they already got taht out of the way.....

with the main markets looking so weak.....could this go even lower??

atb
trendfriend

Rolls-Royce (LSE:RR.) produced the biggest fall in the top-flight after the admission of nil-paid rights in its heavily discounted 10-for-3 issue of new shares. The stock was trading at 96.7p, a fall of 122p on last night, but above the theoretical ex-rights price of 55p when the fundraising was disclosed at the start of this month