RCL - Time to pause - Could see USD 32 within Jan. 2018.
The Cruiseline RCL (USD 78) is hoovering around all time high. Since 1996, there has been 4 longer uptrends lasting 35, 38, 23 and 38 months. The following declines have lasted 23, 50 and 9 months. These declines have been substantial, down more than 60%. If we simulate a coming decline over for. ex. 38 bars (equal to the uptrend lengths) and see a decline of 60%, this could take the shares of RCL towards USD 30 within January 2018.
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