What traders are saying
RCL - End of a bullish trend for now?RCL is bullish on the weekly. However, the daily formed a bearish DOJI on on 09 April, and the 4H charts indicate bearish candles, bearish MACD, and bearish RSI. Also, the price is at the 68% Fib level, which suggests it may retrace to $29.50. Given the COVID-19 crisis and recent CDC "no sail" order (10 April) that will extend into mid-summer, I suspect this will affect the cash flow of NYSE:RCL , NYSE:CCL , and NYSE:NCLH , which may discourage investors next week.
I will go short if the price opens lower than the close on 10 April.
Bearish on RCL- pending Dividend cut.This one is almost a gem, probably one of the easiest short out there.
We all know the cruise sector is taking a huge beating, there's no way they are going back to business until late summer or something.( we are talking at least 1 whole quarter of no income)
They will be burning money like crazy this quarter, and possible lawsuits and settlements eventually.
when this corona situation is all done and over with, they will need probably 2-3 years to even make back these losses.
With that said, There is NO WAY, they can maintain a 3.83 EPS for their next earning report. NO FREAKING WAY.
Their current dividend is $3.12 per share , their earning per share is $3.83, that is 81.51% payout to shareholders.
There is without a doubt that they will follow carnival and suspend their dividend soon. (just matter of when)
I am 100% sure that when they suspend dividend, a lot of people are going to drop this stock, which will cause some selling pressure.
The fundamental behind this play is almost on WALL ST HEDGE fund level lol.
Enjoy this free play & Good LUCK
Short entry 49.90
Cover position target 1 $40.90
Cover position target 2 $34.57
RCL PredictionsRCL short, medium and Long term trends and resistance. Opened position at 23, lines represent best time to close positions depending on the strategy. I recommend no leverage as markets are still very volatile and you can reach SL before the growth spike. if you do leverage it, max 2x.
Royal Caribbean Elliot Count (Week Mar 30 - Apr 3)Will check to see how it looks coming down for more precision final target and confirm with bullish divergence. Might also take a look at Thomas Demark when it gets there. I can struggle with labeling so if you go to the 1 or 3 minute and see if something should be labeled different let me know so I can take a look/learn/improve.






















