Royal Caribbean Cruises $RCL Trade Idea
Entered the 
RCL trade yesterday as the price closed above the resistance zone. We also had a re-test the same day.
Today the price is up and my trade is profitable. In the short term, the oscillators are overbought which suggests that we could have a pullback soon as the price enters the choppy demand and supply zones from the past.
My medium term price target forRCL is about the $130 price level should the trend continue.
The short and medium term MAs are sloping up indicating that the short/medium trend is in a bullish momentum.
We broke out of the resistance on dailies might be a good entry or can wait for a retest of the old diagonal resistance now support around the $100 price point. Not sure if the price will get there however.
If this was helpful, follow me for more trade ideas.
Thank you,
BK
RCL trade yesterday as the price closed above the resistance zone. We also had a re-test the same day.Today the price is up and my trade is profitable. In the short term, the oscillators are overbought which suggests that we could have a pullback soon as the price enters the choppy demand and supply zones from the past.
My medium term price target for
RCL is about the $130 price level should the trend continue.The short and medium term MAs are sloping up indicating that the short/medium trend is in a bullish momentum.
We broke out of the resistance on dailies might be a good entry or can wait for a retest of the old diagonal resistance now support around the $100 price point. Not sure if the price will get there however.
If this was helpful, follow me for more trade ideas.
Thank you,
BK
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