May I keep this short and sweet? Okay, good. The price of CCL has reached 1990's levels and 'pandemic' lows. This is a bit overdone in my opinion. I shall begin nibbling from here.
Looking at the past two years of charts for RCL (one of my favorite stocks, also a cruise line member, nice little perk if you own 100 shares on each trip).
So charting this out taking out the noise of March 2020 we are in a downward channel, but it is not a very steep downward channel which is comforting.
Looking for buying opportunities at the bottom of...
-Friday closed with a high buying pressure candle
-Catalyst are in favor of cruise lines rn
-We had just broke above the 9-day ema and we are looking to break even higher above the 26-day and then the cloud.
-contract supercheap
-analyze price action when we open on monday and that should dictate your entry
So I did a bigger picture and yes normally our focus is on penny stocks. But that also involves looking at broader trends. So, travel and leisure penny stocks, for instance. Sub $5 stocks like TRVG LTRPA and AHT are all at "risk" of pressure from negative sentiment in larger market trends. CCL has been somewhat a bellwether for certain travel & leisure...
Pack your bags, get your shots record handy, and find your fav. vacation honey to come with.... if you have to bring the kids, they got a cruise ship just for that too.....
I used the key code on this and this is what I found....
Now that we have this new toy to play with its time to combine it with some of my other fav....lets get saucy!
by iCantw84it
06.03.2021
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!
