RC8 trade ideas
LONG ROYAL CARIBBEAN CRUISES RCL/USD HIGH PRECISION TRADINGRCL/USD 1 day Shopping ✅
Entry Point : USD 48.0
Target : USD 71.0
Stall Brake : USD 46.0
Speculation is extremely risky and must be executed with money that we are willing to lose or touch the stop loss.
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Trading is the only trade in which the only one responsible for our actions is oneself, our worst enemy is oneself, here there is no one to blame, this is not a collective work, the only one who presses the sell button buy and knows how much to invest and where to stop losses is you, and only you, so always remember that.
Important note: THE LEVEL OF LEVERAGE, the alert for taking early profits, the adjustment of the stop loss and the closing of forced operations are not made by this means.
And also always remember to have control over your losses, focus on this and you will lose.
Comment: WARNING!!!!
I AM NOT A FUTURIST, I DO NOT MAKE PREDICTIONS.
I AM A 100% MARKET OPERATOR, I WORK BASED ON MY EXPERIENCE, CONSISTENCY AND MY TRADING PLANNING.
Royal Caribbean May Be Cruising LowerRoyal Caribbean Cruises drifted higher since the summer, but now it may be rolling over.
The first pattern on today’s chart is the level around $61.45, where the leisure stock bottomed in March before proceeding to new lows. RCL peaked around that price on November 15 and December 1. (Both were also monthly highs.) That may suggest old support has become new resistance.
Second, the stock spent five weeks above its 200-day simple moving average (SMA) but closed below it on Friday.
Last Tuesday was an especially bearish session after RCL opened green and closed red, producing a lower high. The eight-day exponential moving average (EMA) also slid below the 21-day EMA.
Finally, MACD has been falling all month.
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RCL showing strength while SPX struggles to penetrate June low.Market overview:
- S&P 500 and Nasdaq composite show signs of struggles to breakout June Lows.
- VIX index is meets a strong resistance at 33-34 level.
RCL:
- Has shown relative strength compared to SPX.
- Failed to go below the cluster level at 43-44.
- RSI has a history of reversing from the current zone.
Timeframe used: 130 minutes
RCL in a long term downward trendLooking 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 the channel and then waiting to see price action at the top of the channel. Very careful on the buys right now given the pressure on the entire market at the moment, and also the amount of debt that the leisure travel industry has on it at the moment.
Royal Caribbean Cruises (NYSE: $RCL) Looking Toward New Highs!👀Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations. As of February 25, 2022, it operated 61 ships. The company was founded in 1968 and is headquartered in Miami, Florida.
RIP Royal CarribeanA real life friend who I have known since I was 19 messes with the stock market texted me, kind of laughing saying a friend of hers has high hopes for RCL. The guy is clueless. I pulled up the chart and realized right away, tell him to say goodbye to his money and wow, what a great short! So thats what I am doing. See ya Royal.... my only thing is do I just wait till you are back in the 70s or do I take you further down. Well see my mood at the time. Hahaa. Later Royal!
Earnings watch 2/4 pre-market:Earnings watch 2/4 pre-market:
RCL
BMY
REGN
SNY
CBOE
AON
APD
BEP
ROAD
TWST
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com