Rycey next high before dip?

The future price movement of Rolls-Royce Holdings plc (RYCEY) is difficult to predict with certainty. Here's an analysis of the current situation:

1. **Recent Performance**: RYCEY has been experiencing fluctuations, with a recent high of $5.89 reached on June 9, 2024, and a last traded price of $5.88 on the same day. This indicates a positive trend in the short term.

2. **Technical Indicators**: The stock is facing a long-term resistance line, which suggests that it may need strong bullish power to break through. Additionally, the MACD is positive, and the RSI is showing overbought conditions, which typically indicates a tendency for some correction.
3. **Market Sentiment**: There is a bullish outlook for RYCEY in the medium to long term, with a target of $3.50 and a potential correction that could create a handle of the C&H pattern. However, there is no specific indication of a forthcoming dip or high.
4. **Institutional Activity**: There have been recent acquisitions and purchases of RYCEY shares by institutional investors, which could indicate confidence in the stock's future performance.

Given the above information, it is not possible to pinpoint a specific next high or dip for RYCEY. The stock appears to be in an upward trend, but it is also facing a long-term resistance line, which could lead to volatility. Investors should monitor the stock's movement closely and consider their risk tolerance before making any investment decisions.