RCL trade ideas
RCL Confluence at 120Really 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 continue.
-Risk 119.20
-Entry low 120s
-1st PT 123.50, the dotted trendline was part of a previous longer term trendline that was also about yesterdays high
-2nd PT 126.50 RCL can make a 6 point move and make it to the 9ema50sma
-3rd PT 129 in the next few days if market isnt tanking
RCL Bull Flag PatternRCL 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!
Great fundamentals I like this if we can break 75.10The 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
Head & Shoulders UpdateRCL breaking through all kinds of levels. Terrorism on the rise and consumer is less confident. Shorting to the ground.
RCL strong resistance at $79 with target at support of $73RCL has pushed into its upper bollinger band and a strong resistance zone on relatively low volume.
Price support remains much lower and we expect RCL will consolidate within this range until earnings are released.
The MACD is also showing a lack of conviction from the bulls as it remains entwined with the signal line. This may be interpreted as a lack of upward momentum and adds to the bear case.
DYOR
RCL bull flag breaks above $80I last analysed RCL a few weeks ago on the gap up following a cup and handle formation. At the time I recommended a near-term buy (which would've realised a small profit) but to hold off for a longer-term trade.
Since then price has made a new high, pulled back slightly and then yesterday's bar broke out confirming a bullish flag (plus breaking the $80 mark on higher volume). The trend is now reasonably well established and I will look to enter this stock at the next possible opportunity.
RCL gaps up on higher volumeUntil earlier this year RCL had been in consolidation since 1999.
After price finally broke above $58.88 a good trend began to develop but was seriously hindered by the October pullback. This breached the 1999 pivot high and the 200dma but it was not all bad news - a cup and handle chart formation developed on the daily chart suggesting a move to the upside could continue.
The first gap up (28th November) was maybe a smidgen early - although perfectly valid as previous resistance had been tested to become support. The current gap up, however, is on very high volume and a bullish bar so a good candidate for a near-term buy.
A longer-term buy may also be on the cards but more cautious traders may want to see a bit more of the trend develop before making a long-term commitment. The longer the consolidation then the bigger the breakout - if this holds true there should be a lot more to come from RCL.
