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Itās nice to finally see today a new Higher High made since 1518 12/03/2021, I wonder how long the pent-up energy from the breakout that Boyobachās charts showed will carry on b4 we have a meaningful reaction and Q3. So letās see what the follow ups hold.
Now that my previous targets 1486 & 1518 have been met, the following are my own indicators/pointers to tell me which direction the stock price wants to go and are the closing prices simplicity.
Upside:-
1598 - Low made on 20/03/2008 from the High 2167 made on 06/07/2007
1933 - my own target based on recent Low 1283.60 made on 28/05/2021
2219 - High made on 12/06/2001 b4 retracing to the Low 1159.94 made on 12/03/2003
Downside:-
1283.60 - Low made on 28/05/2021 from the High 1518 made on 12/03/2021
1159.94 - Low made on 12/03/2003 from the High 2218.93 made on 12/06/2001
916.80 - Low made on 18/03/2020 from the High 2841 made on 21/05/2018
This is not predictions of what will happen next with the stock price but are my own indicators or guides the momentum of the stock price Up/Down, they say āthe trend is your friendā because itās easy to swim with the tide than against it.IMHO GLA DYOR
Interesting thoughts there Larry.
If you had to pick the 'lowest low' that you'd now expect to see what level would you go for?
I don't think it's an easy pick - this week's news and the 'step-up' that happened after H1 and the divi increment, buyback resumption etc. have almost certainly raised the floor from 1300 in late July. I'd like to think it's been lifted to 1450 but 1415 looks more realistic on past performance. I think things would have to turn very sour to see 1380 again. Hopefully the Q3 results will further consolidate the base level and move the price range above 1500. https://invst.ly/w4c-h
Hi Boyobach totally agree with you is not an easy question to answer, tbh Iām not that skill full to answer it too and donāt have a price as such :-)
Also to me itās hard to anticipate a commodity based business like RDS because there are a lot Macro factors that affect it and other things like OPEC+ infighting last year than a normal business that depends its own product.
Iām not a techie but interested the momentum of the stock price, what I do is use target prices as pointers to tell me the direction or to give me a signal (warning or danger). So I donāt have a set price but I have what i would term normal or abnormal reaction/retrace if thatās what you mean.
So for example using last night Closing price 1520.40, first to me anything higher than the recent Low 1283.60 would be a normal reaction.
Then:-
a) 1283.60 - I hope it doesnāt get this far but if it does I will be watching closely to see if it goes below or not.
b) 1159.94 - this would be my warning signal because itās below the recent low 1283.60 it made on 28/05/2021.
c) 916.80 - this is my danger signal because it the first low it made last year on 18/03/2020 b4 making a new Lower Low 866.40 on 28/10/2020.
Is the same thing to the upside, the 3 price targets I mentioned last night tells me where trend wants to go. And the higher the price go then the higher my Downside targets will move.
Is probably not the simple answer you were asking but I hope I explained my thinking a bit and makes sense. I also agree with you i think RDS has tailwind atm, thatās excluding any unknown events in the future, thatās why RDSB is my second biggest holding and plan to hold it until my target price is reached or forced to stop losses.