Rolls-Royce: ⬆️ Buy
– Rolls-Royce reversed from round support level 10.00
– Likely to rise to resistance level 11.00
Rolls-Royce recently reversed from the support zone between the round support level 10.00 (former resistance from July), support trendline of the daily up channel from May, lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from July.
The upward reversal from this support zone stopped the earlier short-term ABC correction (ii).
Given the clear daily uptrend, Rolls-Royce can be expected to rise to the next resistance level 11.00 (which stopped the earlier impulse wave i).
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