Gooby_Trades

RCL Grinding Up On Strong Resistance

Short
NYSE:RCL   Royal Caribbean Cruises Ltd.

RCL experiencing declining volume, and being highly leveraged in a tumultuous macro environment leads me to believe this recent rally in price will struggle to overcome the strong resistance zone of 93-99 a share.

Retreat back to 65 support seems probable in the intermediate term.




As always, this is not financial advice. Good luck!


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