The demand for Royal Caribbean Cruises' shares looks lower than the supply.
The company operates as a cruise company.
Due to the spread of COVID-19, the demand for the company's services fell.
This and other conditions can continue to cause a fall in the share price in the next days.
So I opened a short position again from $26,24;
Information about stop-loss and take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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I am looking to get in at 22.83 to 21.68 range. Does this look like the bottom?
KozakHlib
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@underdog02, it depends on big traders) If they buy at this range, there will be a bottom here. But my stop was reached, buyers were stronger.
underdog02
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@KozakHlib, I see the volumes, up even with price down. I bought 100 shares of AAL but want 300 or 400 more. I am watching the after hours to see if RCL starts down further. My stock direction indicator is not telling me to buy, but wait. RCL is a leader in the market, the big traders of it are really smart.