Rolls-Royce

Long with stop below the gap at 883 (blue arrow)

first target 922 (R/R 1:1)
second target - roughly the height of diamond or base of symmetrical triangle from which it broke out = 104 points (R/R 1:6/7)

closed half of my position at first target. stop moved for the rest above breakeven....now its a free trade

follow-up chart


my initial target of 922 achieved
if it closes above 922.140 which was the previous high it would be bullish(close on friday was 922)
if it doesn't then it will be heading back to the trendline

SL moved from breakeven to below 917(low on friday)

Closed the remaining position at 945

dl.dropboxusercontent.com/u/7238706/ROLLS-ROYCE%20HLG.png

This may well be worth a look. I would suggest short on a test of 1078; stop above 1110. This may well sink as low as 813 or even 793, but my initial target would be the trend line, currently around 1026. DYOR.

dl.dropboxusercontent.com/u/4385922/RR_231013.png

Any thoughts?