RCL is on of the companies I have on my Strong list. With the COVID19 easing for travel and as people shift from spending on products to services. The recent earnings call have also seen management talking of them experiencing a record wave session. Fuel prices has also gone down.
I'm not so sure how they would hold up to inflation fears, so I think this is a quick exit stock (Trade duration in the weeks instead of months)
Whats The Plan/Trade/Thought
We have to adopt a Range market stance. When markets are going up with optimism , we will peg categories with strong fundamentals and a growth story as that will be where money will flow into.
We plan the trade on the Daily charts and exit on the H1 chart and right now we are exiting a H1 consolidation which seem to be a potential strategy for 2023
Can You Trade The Opposite Side (Y/N)
No
I'm not so sure how they would hold up to inflation fears, so I think this is a quick exit stock (Trade duration in the weeks instead of months)
Whats The Plan/Trade/Thought
We have to adopt a Range market stance. When markets are going up with optimism , we will peg categories with strong fundamentals and a growth story as that will be where money will flow into.
We plan the trade on the Daily charts and exit on the H1 chart and right now we are exiting a H1 consolidation which seem to be a potential strategy for 2023
Can You Trade The Opposite Side (Y/N)
No