Rolls-Royce : under pressure following stake sale
Jean-Christophe Rolland August 7, 2020 8:56 AM
The stock loses ground this morning on shareholder exit report
From a chartist point of view, the stock trades in a congestion area between the 294 resistance and the 212 support. The daily 50 day MA is negatively oriented above prices while the daily RSI stands below 50. A break below the support at 212 would call for further decline towards 2008 bottom at 186.
Source : TradingVIEW, Gain Capital
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