Sell off from a key level. My entry: 74.15 Target: 66.88 Stop: 76.23 Check out some trades below.
Gorgeous head-and-shoulders pattern + EU shit-show exposure
Perfect gap and go. Nice pennant on the daily. Could watch the hourly or just let it cruise..
Watching support for potential short
RCL has pushed into its upper bollinger band and a strong resistance zone on relatively low volume. Price support remains much lower and we expect RCL will consolidate within this range until earnings are released. The MACD is also showing a lack of conviction from the bulls as it remains entwined with the signal line. This may be interpreted as a lack of upward...
Gas prices on the rise, dollar potentially headed down. Price may retrace at this point to fill the orange gap (see chart) Though price may retest 78.08 This is an example of a "cup & handle" that is not bullish.
Seasonal and Cyclical . Low fuel costs giving them the bump.
I last analysed RCL a few weeks ago on the gap up following a cup and handle formation. At the time I recommended a near-term buy (which would've realised a small profit) but to hold off for a longer-term trade. Since then price has made a new high, pulled back slightly and then yesterday's bar broke out confirming a bullish flag (plus breaking the $80 mark on...
The Cruiseline RCL (USD 78) is hoovering around all time high. Since 1996, there has been 4 longer uptrends lasting 35, 38, 23 and 38 months. The following declines have lasted 23, 50 and 9 months. These declines have been substantial, down more than 60%. If we simulate a coming decline over for. ex. 38 bars (equal to the uptrend lengths) and see a decline of 60%,...