Bear Flag in Royal Caribbean Bear Flag in Royal Caribbean
It's time to reverse here with the gap being filled and prices between 11/24 and 12/22 and topping at $79.95. Carnival missed earnings and revenue estimates. Omicron was not felt yet in their quarterly report. The companies are taking on a big risk bringing ships back to service in the middle of a raging pandemic. Customers may happily scoop up cabins for $33 per night, but may be upset when they are quarantined for 24 hour stretches, or cannot exit the ship at regular ports of call. Expect cash burn to be high and customers to be dissatisfied.
RC8 trade ideas
"Timing" a daily TrampolineThose who utilize the Moxie indicator will likely recognize the trampoline setup
on the daily timeframe (left). Here, I've pointed out some options as to entry
utilizing the lower hourly timeframe. Those unfamiliar with Cardwell RSI
would likely not "see" the first option. Fair enough. But, there are a
couple options following that.
Using the lower to "time" the higher is just one approach. Hopefully, this
will provide some insights.
$RCL - Cup & Handle watch Looks to be forming cup and handle. Rim area is 95 to 97.
Break above rim area could send the stock to $115.
🤔👀
Target 1 - $95
Target 2 - $115
Risk - fall below $80
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
Cup and HandleCup low is 66.90.
Depth is 30.82.
Targets calculated using the depth and fib levels which are projected from break out level/Long entry level of the cup which is a tad over the left side of the cup's high to clear resistance.
The 50 is trying to cross up through the 200 which is known by some as a golden cross. There appears to be a battle going on with some old resistance. Long top wicks can point out areas of resistance and long bottom shadows can point to support. These levels were made to be broken of a security would be ranging all of the time.
No recommendation.
Good to have a plan if things go right and if things go wrong. Looking in the rear view mirror can save you from getting a ticket (o:
Buy Setup with Good Risk/Reward #RCLWith opening of tourism industry and easing of travel restrictions there may be some good traffic for leisurely travel in coming days and months, buying interest of smart money is being observed in #RCL for last few months. Buy #RCL at current prices with SL 75 for atleast 1 year to 2-3 years for some good returns.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
Royal Caribbean Cruise Line… We all know that if a travel company or cruise ship stopped operating during a pandemic and made the shares of all stocks engaged in the cruise ship plummet.. starting in the middle of this year, this company has started doing sea trips gradually.. and this will push prices up gradually. slowly.. but when is the right time to buy this stock...?? I've decided to buy at the price of $ 70 lastmonth… although there is still a possibility of a decline in mid-October… but that's okay, I will continue to buy this stock… because this company really has good prospects in the future….
$RCL Buying opportunity as tourism opens up 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 a chance we test the 97 level again, which $RCL has done several times.