This 60m chart shows an extremely bullish outlook for RCL. Following a three-wave correction from $130 to $90 in late 2018, the stock has rallied in what appears to be a five-wave move higher. Price has broken above the prior B-Wave swing high and is setting up for a new series of higher-highs / higher-lows. With a bull flag forming above key Fibonacci support...
Bought 100 RCL for 118.25
Ex-Dividend is tomorrow and dividend is .70, so If I have the stock by tomorrow I will receive the dividend.
To enhance the trade I also Sold the 115/119 Strangle for an additional $1.1 with 3 days to expiration (That's how long I will be in this trade)
Max win would be $185 for the covered strangle plus $70 for the dividend = $255
Ill post the chart to this one. Currently the older chart is attached. But for all intents and purposes, the old one will still work fine. I haven't added or moved any lines.
TL;DW I believe in the lines. I do not believe the price will tank without showing signs ahead of time.
So i looked at this because of a family friend that has been holding it. I must say that i have not looked at the fundamentals of RCL and almost do not care, as the ta seems to reflect what is going on before it even happens.
My initial TA was done around May 8th and so far it is moving as expected. I am by no means, saying that news is not important, but it says...
Really good looking spot of Support here. Whole Number, 200SMA and a Trendline. Will have to see where it will open at.
Bottom trendline came into play 2015.
Has had a very strong down move with volume the past week hopefully the market can help pull it back up.
Sets up a very nice RR for a bounce back to the top trendline to see if the triangle will...