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ROYAL CARIBBEAN GROUP

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RCL trade ideas

RCL Cup n Handle forming on News$RCL with a nice cup to digest the gains made in Feb from the news on high consumer demand for cruises. Now it appears to be forming a rounded bottom pattern in the near term that has the potential to set up a the handle and complete the long term set up. MACD nearing a crossover as well supporting the idea that the short trend change is upon us. Also, $RCL has big new as the Celebrity Edge sets sail today marking the end of long hiatus. CNBC is on board and no one has dropped dead from covid yet, thus disproving the widely held belief that cruise ships have super human magnetic powers that pull bacteria/disease towards them disproportionately compared with other modes of transportation (in which you actually sit closer to other guests). Furthermore, this sets the stage for a longer term breakout on the robust demand for travel as more become vaccinated as the most budget friendly option for travelers. So budget friendly that cruising is no seen as a less expensive and more life fulfilling retirement option. On my last cruise I met a woman who had retired and down the last 20 world cruises on the same ship; she had lived on the ship full time in the most recent 9 years. She was the celebrity passenger on the ship and had crew escorting her to every event or physician check up (affordable health care at sea is another box I wont even open here). Long $RCL and $CCL (when/if the pattern firms up.
NYSE:RCL
by slothbox
Royal BloodGood day starts with a good trade, folks🔥 There is one more Flag formation on RLC. The price was in a slight bullish trend before entering into consolidation. Multiple times it bounced from support and resistance zones. Bullish impulse is expected after breaking resistance zone . So follow the chart and look for the breakout carefully. _____________________________________________________ If you enjoy my FREE Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! Feel free to leave comments✉️ And always remember: "we don't predict, we react".
NYSE:RCLLong
by Berzerk_invest