Review of 2023 Stock Picks looking forward in 2024.
In Autumn 2022 I bought a research report on the most undervalued storied stock in the world. Literally. Rolls Royce Engines.
US ADRs ticker RYCEY.
Unlike US Aerospace firms managed by MBA bean counters for maximum profits and minimum costs (Doors blowing off an Alaska Airlines Boeing 737 Max 9 in bloody midflight due to a "Door Plug and Loose Bolts" WTF OVER - didn't they solve this problem in the 1960s with the first passenger Jets???).
Unlike the incompetent Boeing company that fired most of their best engineers in favor of cost savings analysts... Rolls Royce Holdings still puts a high value on cutting edge engineering and services.
Rolls Royce pioneered AI 7x24x365 Jet/Turbine Engines continuous monitoring and immediate proactive support using the Microsoft Cloud and AI services. This allowed Rolls Royce to pivot from selling the engine and then trying to secure maintenance contracts... to selling a service agreement based upon hours of flight time rate per engine that the airlines love (Less high-priced Airframe and Powerplant mechanics required on Airlines Bloated Payrolls) and that have a financial benefit to Rolls Royce of doubling Revenues per engine over the service life of that engine. Rolls even made these engines more modular in design - if the AI Analytics indicated a repair is required the engines can literally be swapped out between flights in a qualified maintenance hangar location.
Things were clicking on all cylinders for RR until the WuFlu hit and shut down all of RR's Airline Customers and the Stock Revenues and Price Collapsed.
RYCEY became a classic Crash Recovery Stock (Pun Intended).
The report I purchase indicated RYCEY is a
Buy below $2 USD and a 5 year target of $50+ USD with the expected explosion (Puns out of control) in Global Air Travel (Preferably no exploding RR Engines). RR being British is a pioneer in Green Engines Tech - Fuel Efficient Powerful Jet Engines, Electric Aeroplane Speed Records, Marine Hydrogen Engines, SMRs Small Modular Reactors with Steam Turbines to generate actual base load power across the UK and Europe (Maybe not the Nuclear Energy hating German Green Weenies).
Big Picture:
Major Bold White Support and resistance levels (Coincide with major Fractal Waves turning points), Minor wave thin white) and ATL Bold Yellow, ATH Bold Orange, with projected right Green 5 Wave Up on the Right-Hand Side corresponding to previous major support and resistance levels:
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Note the Pitchfork Tool is simple - take the absolute Swing Low as a base point of the center Red RMS line and the next point to a swing high and the third anchor point to a swing low and you get a 5-tine pitchfork trend channel that intersects major and minor previous resistance and support levels all correlated to Fibonacci Extension and Retracements maths.
Closer look 2023 and 2024:
RYCEY Swing low of $0.71 26 Sept 2022 rising in 3 major fractal waves to $3.97 High on Monday 18 December 2023 with a 4th wave retracement target of .382 (Inverse Golden Ratio) to 3.11 range to .382 of waves 1 through 3 back to $2.72 (Center Fibonacci Retracement Ladder from Top Wave three to bottom start wave one). I bought in 2022 at $0.98 per RYCEY ADR share, sold at $3.20 to capture 2023 profits and am planning to buy back in on the 4th Wave $3.11 to $2.72 range this time for a buy and hold of at least 2,000 RYCEY ADRs shares for the 5-year ride up to $50.00 USD +/-. Also have a portfolio of other Covid Correction Shares and Speculative AI/Robotics, Gold/Silver Miners, Uranium Miners (for Base Load Energy Legacy and New SMR reactors electrical generation.) Also keeping an eye on Dr. Steven Greer new Research Labs "Lost Century" Zero Point and Quantum Vacuum of Space energy technologies.
Fido reports RYCEY today at $3.88 USD up 296%. NOTE YMMV this is NOT Invesment Advice, ONLY INVEST FUNDS YOU CAN AFFORD TO URINATE AWAY ON DRAFT KINGS OR FAN DUEL 50/50 BETS. I refuse to load those two apps as I believe in Support and Resistance, Fractal Waves with Fibonacci Extensions and Retracements Maths enhanced by truthful fundamentals i.e.; Rolls Royce Holdings Engines, Tech and Reactors actually Trumps DUMB LUCK.
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