Market_Psychology
Short

Textbook Head and Shoulders

NYSE:RCL   ROYAL CARIBBEAN CRUISES LTD
50 2 2
Bearish reversal. Target around 27
The only textbook that applies here is by Ben Graham. Technical only works when in tandem with fundamental analysis especially when trying to "predict" long term price movements such as in this case.
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On a fundamental side, wouldn't that need a catastrophic global event to cause that drastic a change?
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