RCL - Second chance for those who did not have timeWe are going on a cruise at an interesting price. A double top is drawn on a monthly timeframe. I think it's easy to get to 53.
Purple - limit orders.
Green - take profits.
0I1W trade ideas
"Timing" a daily TrampolineThose who utilize the Moxie indicator will likely recognize the trampoline setup
on the daily timeframe (left). Here, I've pointed out some options as to entry
utilizing the lower hourly timeframe. Those unfamiliar with Cardwell RSI
would likely not "see" the first option. Fair enough. But, there are a
couple options following that.
Using the lower to "time" the higher is just one approach. Hopefully, this
will provide some insights.
$RCL - Cup & Handle watch Looks to be forming cup and handle. Rim area is 95 to 97.
Break above rim area could send the stock to $115.
🤔👀
Target 1 - $95
Target 2 - $115
Risk - fall below $80
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
Cup and HandleCup low is 66.90.
Depth is 30.82.
Targets calculated using the depth and fib levels which are projected from break out level/Long entry level of the cup which is a tad over the left side of the cup's high to clear resistance.
The 50 is trying to cross up through the 200 which is known by some as a golden cross. There appears to be a battle going on with some old resistance. Long top wicks can point out areas of resistance and long bottom shadows can point to support. These levels were made to be broken of a security would be ranging all of the time.
No recommendation.
Good to have a plan if things go right and if things go wrong. Looking in the rear view mirror can save you from getting a ticket (o:
Buy Setup with Good Risk/Reward #RCLWith opening of tourism industry and easing of travel restrictions there may be some good traffic for leisurely travel in coming days and months, buying interest of smart money is being observed in #RCL for last few months. Buy #RCL at current prices with SL 75 for atleast 1 year to 2-3 years for some good returns.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
Royal Caribbean Cruise Line… We all know that if a travel company or cruise ship stopped operating during a pandemic and made the shares of all stocks engaged in the cruise ship plummet.. starting in the middle of this year, this company has started doing sea trips gradually.. and this will push prices up gradually. slowly.. but when is the right time to buy this stock...?? I've decided to buy at the price of $ 70 lastmonth… although there is still a possibility of a decline in mid-October… but that's okay, I will continue to buy this stock… because this company really has good prospects in the future….
$RCL Buying opportunity as tourism opens up Since late February, $RCL has been trading between $79 and $97. It's bounced around between that range and the 79 level has been acting as great support, highlighted on my chart by the green arrows. We are seeing a selloff in $RCL, and I believe we will once again test that 79 level, which presents a good buying opportunity. My first price target is $88. There is a chance we test the 97 level again, which $RCL has done several times.
RCL Cup n Handle forming on News$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.
