$RCL Buying opportunity as tourism opens up Since late February, $RCL has been trading between $79 and $97. It's bounced around between that range and the 79 level has been acting as great support, highlighted on my chart by the green arrows. We are seeing a selloff in $RCL, and I believe we will once again test that 79 level, which presents a good buying opportunity. My first price target is $88. There is a chance we test the 97 level again, which $RCL has done several times. Longby RunItUpJJ1
RCL Cup n Handle forming on News$RCL with a nice cup to digest the gains made in Feb from the news on high consumer demand for cruises. Now it appears to be forming a rounded bottom pattern in the near term that has the potential to set up a the handle and complete the long term set up. MACD nearing a crossover as well supporting the idea that the short trend change is upon us. Also, $RCL has big new as the Celebrity Edge sets sail today marking the end of long hiatus. CNBC is on board and no one has dropped dead from covid yet, thus disproving the widely held belief that cruise ships have super human magnetic powers that pull bacteria/disease towards them disproportionately compared with other modes of transportation (in which you actually sit closer to other guests). Furthermore, this sets the stage for a longer term breakout on the robust demand for travel as more become vaccinated as the most budget friendly option for travelers. So budget friendly that cruising is no seen as a less expensive and more life fulfilling retirement option. On my last cruise I met a woman who had retired and down the last 20 world cruises on the same ship; she had lived on the ship full time in the most recent 9 years. She was the celebrity passenger on the ship and had crew escorting her to every event or physician check up (affordable health care at sea is another box I wont even open here). Long $RCL and $CCL (when/if the pattern firms up.by slothbox2
RCL: Stuck in a loop!Does this need any explanations? Look at this chart! It keeps repeating itself. It's literally a loop. If nothing extraordinary happens this cycle, we should expect to see another 30-50% run very soon. Thoughts?Longby RealamhUpdated 223
$RCL Low Volume Pullback Royal Caribbean Group shares have pulled back on low volume after breaking out of their bullish flag pattern. This indicates that $RCL could see a large move to the upside soon. However, it is possible that we need to chop around a little more and let the moving averages catch up before a breakout. Like and follow for more :) Good Luck!Longby Investor43215
Bull Flag Breakout for Royal CaribbeanPrice target is $111 based on height of flagpole. Downside risk if it breaks back into the flag and then under the 50 day MA at ~$86. Possible open gap target much further to the downside if it really starts to go south, but this looks bullish for now. Longby ImportantImports2
RCL out of the wedge and moving up nicely! Swings up nicely. June calls over 100% and holding SL set to secure green tradeLongby ProSpacTalk0
RCL BUY OPPORTUNITYRCL recovering from Covid crash. Optimism in the Cruising industry will push price back to heavy liquidity area at the 136-140 Price point. Expect a new dip once liquidity is captured...Longby RICHBEENTRADING0
RCLNot what I usually trade, but this could be a good time to leg in to a position. Also, option Ivol is high so selling calls can work.Longby CryptoCosta1
Royal BloodGood day starts with a good trade, folks🔥 There is one more Flag formation on RLC. The price was in a slight bullish trend before entering into consolidation. Multiple times it bounced from support and resistance zones. Bullish impulse is expected after breaking resistance zone . So follow the chart and look for the breakout carefully. _____________________________________________________ If you enjoy my FREE Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! Feel free to leave comments✉️ And always remember: "we don't predict, we react".Longby Berzerk_invest3
RCL looking like another leg up coming Volume shelf, reopening play, cruises restarting, thesis and chart lining up here. Longby ProSpacTalk0
RCL: Breakout Confirmed, 30.00% Potential Profit!Description: RCL is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position. Stats: 1. Ideal buy range: $82.6 - $87.6 2. Take profit: $110.02 3. Stop Loss: $79.37 4. Risk To Reward: 1 / 5 5. Accuracy Rating: 91%Longby tenpercentcreditspreads0
$RCL Watching for Break OutNYSE:RCL has been in a BULLISH FLAG since late February. Will we see a retracement or momentum up from this last tall GREEN candle on the Daily timeframe? RSI is above 50 Not financial advice. Please do your own research.Longby ashleycam3ron0
RCL falling wedge FALLING WEDGE = BEAR FLAG, William R/ RSI/ MACD coming down to oversold territory. GREEN lines are Monthly support level and could bounce off before heading up to 90s Longby bwoodya10
RCL Short to 65...Although in the long term I am bullish on cruise lines, especially with covid restrictions being lifted, as of now this market is not kind to much of the recovery stocks This is textbook put play, we have a descending triangle formed on the daily and its just barely being held by this ~79 support level I will be playing 6/18 75p on a confirmed break of 78.50 PT1: (200sma) 73.15 PT2: 64.21 Happy trading!Shortby stockmankam1
RCL 1D BULL FLAGBull Flags are a Range that is a repeatable trading chart pattern. Bull Flags are a descending range chart patterns that will have a directional bias (Long) depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of volume average for a full position size. b - If 75% of volume average then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) If not 75% then stand aside from the trade. 2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order. Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit. *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit. Longby Tradingstrategyguides1
RCL - Winding Up Once Again? Royal Caribbean had crumbled in value, with it going from a previous high of $136 to $20 in a matter of two months. I have good faith that this summer holidays will be back on for the majority of the western world, but for how long? I'm not too sure. We have seen a strong comeback and I see potential for further upside with a attractive 1:3 RRR . As you can see on the chart above a particular patterns seems to be appearing. Which is a tight bear flag / falling wedge , so strong momentum to the upside when it breaks. With a bull run averaging $32 on average... until a pullback happens, which is a sign of a healthy bullish trend . One stock CCL has been almost identical to RCL's charting technicals. So, we can see it's not just a company recovering, it's actually a whole sector recovering. CCL is based is in the UK which is doing very well in returning back to normal and having holidays in the coming months. Drop a like if you would like to see my analysis! I have set a buy stop around the 0.5 - 0.618 fib level which has been respectfully met on all of the pull backs in the past year. Targets are set to $110, but profit will be taken along the way. Later entries are also in the play around the $90-91 mark. I would expect a strong break to the upside before entering... Be careful don't over leverage yourself. Let me know what you think! Any constructive criticism or compliments would be greatly appreciated Longby MichaelDF10
Buy $RCL - NRPicks 09 AbrRoyal Caribbean Group operates as a cruise company throughout the world. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara and Silversea Cruises brands, which comprise a range of itineraries requiring approximately 1,000 destinations. Bullish trend since March 2020, with key levels close to $ 84 and with the price above the MA50 but below the MA200. Florida is a state that lost $ 3.2B as a result of cruise closures, however the outlook for cruise ships is positive as of June. - Market Cap. $ 22.8B - Revenue 2020 $ 2.2B - Cash $ 3.6B - P / B 2.30 - LT DEBT / EQUITY 2.05xLongby NewroadTrader0
breakout backtestplaying crusielines long here on the gap and go, RCL favorite for options, CCL best for UnderlyingLongby YoungPearls0