norok

RCL for the long term

Long
norok Wizard Updated   
NYSE:RCL   Royal Caribbean Cruises Ltd.
Stories aside about a vaccine and return to normal I like the price action of RCL . What the price has done is brush up against the 50% retracement level several times this year and finally has broken above it for a week and come back this morning to spike out and confirm it now as support. This presents a great LOW RISK trade because you know where your stop needs to be (below this morning's low).
Comment:

Second opportunity at support. Easy to know where to put stops for risk

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