RCL is testing support at $101-103 with both horizontal trend line and upward trend line. It could be bullish for the next few months if support is found. Any feedback is appreciated.
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 ...
RCL just broke out of the bull flag pattern. I'm expecting it to go higher, at least to $27.50, or possibly more. This is my first idea, so any feedback would be appreciated!
The fundamentals are great, every month the company is becoming more and more important.
Tecnicals only if we break the trend we can go bullish in the long term
long >75.11
SL 73.96
Target 82.69
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NYSE:RCL
