Rolls-Royce (RR.GB) – Trim Positions as the Stock is Forming a Climax Top

Key points from this report:

 

 

  • RR.GB has formed a climax top on the daily chart with five criteria. We recommend investors book some profits into strength and wait for a new base formation and a traditional buy point from the O’Neil perspective for adding positions.
  • We are not taking it off the Focus List as the stock continues to trade above all its key moving averages.
  • Included is an annotated Datagraph® of RR.GB highlighting climactic top signals.