high risk trade. same as all the other travel stocks i've posted. wave 3 target - $98
Looking to short RCL with this falling wedge pattern
Bounce after strong sell off, short near the top of the downward trend line.
Watch out for the bat signal - $PT $75.05
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...
$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...
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?
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!
Price 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.
Swings up nicely. June calls over 100% and holding SL set to secure green trade
RCL 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...
Not 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.
Good 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...
Volume shelf, reopening play, cruises restarting, thesis and chart lining up here.