Elliottician and TA Thread

captainfatcat

RR is in extended wave 5 and now the 400 psychological point has been passed the target is 433.
I believe the last analyst target price was 410 which was reached today (410.75), so that may be the most it gets to. Best wait for after options expiry tomorrow morning to see market direction in the afternoon.
MoD RB199 contract announced today. Huge QANTAS order up for grabs, to be decided in February I think – QANTAS have RR on majority of widebody fleet as far as I know.

Aerospace sector did good today – I took some profit on SMIN at 1061 during the spike. I am Holding RR from 356.