Bear Flag in Royal Caribbean
It's time to reverse here with the gap being filled and prices between 11/24 and 12/22 and topping at $79.95. Carnival missed earnings and revenue estimates. Omicron was not felt yet in their quarterly report. The companies are taking on a big risk bringing ships back to service in the middle of a raging pandemic. Customers may...
Short $RCL CMP $79.21. Heavily affected by Covid news. Recent lockdown news in EU dragging the price down. Stock price is below 200 SMA . $75 area may act as support but heavy selling may take further down to $65 area in near future.
We are going on a cruise at an interesting price. A double top is drawn on a monthly timeframe. I think it's easy to get to 53.
Purple - limit orders.
Green - take profits.
Test charting idea for sharing on tozsdeforum.hu. Very long description required from system to accept this as an analysis.
Be long, be short, be a basketball player.
RCL has a massive weekly ascending triangle,
Price is squeezing below 100.00 psychological level.
Watching it above it for a beginning a a good run towards 130
Those who utilize the Moxie indicator will likely recognize the trampoline setup
on the daily timeframe (left). Here, I've pointed out some options as to entry
utilizing the lower hourly timeframe. Those unfamiliar with Cardwell RSI
would likely not "see" the first option. Fair enough. But, there are a
couple options following that.
Using the lower to "time"...
Looks to be forming cup and handle. Rim area is 95 to 97.
Break above rim area could send the stock to $115.
🤔👀
Target 1 - $95
Target 2 - $115
Risk - fall below $80
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow...
Cup low is 66.90.
Depth is 30.82.
Targets calculated using the depth and fib levels which are projected from break out level/Long entry level of the cup which is a tad over the left side of the cup's high to clear resistance.
The 50 is trying to cross up through the 200 which is known by some as a golden cross. There appears to be a battle going on with some...
With opening of tourism industry and easing of travel restrictions there may be some good traffic for leisurely travel in coming days and months, buying interest of smart money is being observed in #RCL for last few months. Buy #RCL at current prices with SL 75 for atleast 1 year to 2-3 years for some good returns.
Disclaimer :
Trading is never ever...
We all know that if a travel company or cruise ship stopped operating during a pandemic and made the shares of all stocks engaged in the cruise ship plummet.. starting in the middle of this year, this company has started doing sea trips gradually.. and this will push prices up gradually. slowly.. but when is the right time to buy this stock...?? I've decided to...
A couple of leisure names still acting well. I like the look of RCL here as it rebounded off the channel support and developed 3 higher lows before reclaiming the 200-day.
Above $84.30 we can see a move to ~$94.00-97.00
Temporary failure below $79.52.
