Rolls Royse set UP
RR.L is trying to break upwards from 8 months channel. It has traded upward since March breakout. If it stays above 280p for at least week with high volume then target price will be 350-360 P which was previous high from Jul2020 ( See below weekly chart). Only concern here is momentum is waning since march 2023 breakout. You can clearly see the downward slope in daily and weekly charts. If this momentum rises further then RR will have higher chance of getting towards 300 P and after that 350p is the target. On weekly chart, breakout above previous support @ 250P which became resistance and price has broken that with substantial high volume so now new trading channel is going to form between 250p to 350p. I am revisiting this after 1 year and i am glad to see RR has achieved my target of 360 p and even cross that so when i look at it now i can see it has potential of reaching another high of 420-430 p mark and even beyond that level to 600 P so lets look at the l...