RCL trade ideas
Virus News insurance tradeWith the market in a rout and COVID-19 at large, the last place anyone wants to be is stuck on a cruise ship. Company seems fundamentally sound but this fear over a 'pending pandemic' will sent this thing into the ground. Buying a small position in OTM 60$ 3/13 or 3/20 puts tomorrow morning at the 65 or 60 mark. Hopefully the news that cruise ships in the Caribbean are getting turned away from ports doesn't hit headlines before then.
trade at own risk*
Support holding, but temporaryHi guys,
I noticed some support and resistance areas, along with a nice bounce off of the old trend line. If we move sideways and end up breaking through this support on the trend line, I would probably exit the trade and cut losses. I expect some rebound for a short period of time since the RSI is so incredibly oversold. Happy trading!
Royal Caribbean Cruises could be great Long Term $rcl
It may be dumpster diving, but one mans rubbish can be another mans treasure.
Currently trading at a 50% discount from 2020 highs.
Possible that these companies get government assistance short term, as they are a major employer.
Company profile
Royal Caribbean Cruises Ltd. operates as a global cruise vacation company. It operates global cruise brands: Royal Caribbean International, Celebrity Cruises, Azamara and Silversea Cruises. The firm also holds interest in TUI Cruises, Pullmantur and SkySea Cruises brands. The company was founded in 1968 and is headquartered in Miami, FL
Royal Caribbean will Fall as well...Corona!!Royal has a little more to drop...Then lets have a party
Cruise Liner Contrarian - RCLFeels like a massive overreaction, RSI more extreme than the previous 2 occurances and so is the downwards price action.
Looking for a sharp rebound.
$RCL at R/S flip$RCL (Royal Caribbean Cruises Ltd) testing this R/S flip with a remarkable increase in volume. 4h chart
Royal Caribbean BreakoutMonthly chart/ Royal Caribbean Breakout
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RCL Put SpreadDebit Spread on RCL $3.52 Max gain is 11.48
My max loss will be $1.8 at August 30th if the play doesn't work out.
I got a ton of earnings plays on I'm probably going to get burned a bit we'll see how it pans out.
EXP September 20th.
Medium Risk, Medium Reward
RCL - Bull Put Credit SpreadStrong PA sell off last few days to Low BB%
RSI Oversold
S&R Level at 110 Previous Level so looking for consolodation and then reversal to mean back higher.
Aiming for 110/105 Put Credit & 115 Call option for Directional bias higher.
Exp Aug 16.
Good Luck - Watch YOUR RISK.
still bearishrcl had a breaking of the supporting trendline but then provided a pullback once it hit the 200dayMA and also formed a stronger support trendline from where it bounced. so right now it is in the middle of two trendlines and also in the pullback phase. it might have formed a mini flag when it jumped back up and consolidated. so i will be looking for a minor pinch up then after that if it doesnt break the resistance trend line then i will short it if it signals. EX: high volume going down, breaking of the support trendline, breaking of 200dayMA, breaking of previous low
looking very bearishRight now we are looking at a potential triple top, we wont know until it breaks the resistance, what i believe to be the 100 dollar mark as it bounced off it before the last dip. But along with that we have a rising wedge while the trend of the stock itself is going down, making a flag/pennant formation. We have not made a new high in a year and a half, and each dip thereafter has be repeatedly lower. The volume itself was strong on the breaking of the wedge, but be prepared for a pullback as it hit the 200dayMA and as the market itself is pinching the last of the bull market out, then be prepared to sell for a big drop.
RCL - Bull Put Credit SpreadMini A-B-C-D down to Lower BB. RSI Oversold. Price at key MA.
Looking for Reversal to Mean, back Higher.
Aiming for 116/114 Bull Put Credit & Call Options for Direction Higher.
Exp June 21.
Good Luck - Watch YOUR RISK.
triple topwith cruise fuel costs going up in 2020(comply with new international maritime laws), cruise liners may be a great short into the next year. $DIA
Bullish case for RCLThis 60m chart shows an extremely bullish outlook for RCL. Following a three-wave correction from $130 to $90 in late 2018, the stock has rallied in what appears to be a five-wave move higher. Price has broken above the prior B-Wave swing high and is setting up for a new series of higher-highs / higher-lows. With a bull flag forming above key Fibonacci support levels, there is a chance that a break higher from here could quickly accelerate into an extended Wave-3 rally. I'm looking to establish long positions on a break of the short-term corrective channel as well as a spike in momentum (RSI through trendline resistance). However, RCL could easily continue to chop sideways from here in some form of correction, so it's best to wait for confirmation and not rush the entry.
RCL beware of the big dropIts a clear five wave to the upside which should be corrected ...the target must be the end of the previous fourth wave.
Covered Strangle for Dividend Capture Enhancement (75% prob)Bought 100 RCL for 118.25
Ex-Dividend is tomorrow and dividend is .70, so If I have the stock by tomorrow I will receive the dividend.
To enhance the trade I also Sold the 115/119 Strangle for an additional $1.1 with 3 days to expiration (That's how long I will be in this trade)
Max win would be $185 for the covered strangle plus $70 for the dividend = $255
My break even counting the dividend is 116.45
So I have 1.5% protection to the downside.
This gives us about 75% probability to make money
BIG GREENRCL showed up a BIG GREEN with close below the close of the previous day. Is always a good news. To check. Or follow us to know more.
Testing support and could be bullishRCL is testing support at $101-103 with both horizontal trend line and upward trend line. It could be bullish for the next few months if support is found. Any feedback is appreciated.
RLC-Royal Caribean UpdateIll post the chart to this one. Currently the older chart is attached. But for all intents and purposes, the old one will still work fine. I haven't added or moved any lines.
TL;DW I believe in the lines. I do not believe the price will tank without showing signs ahead of time.
The Sea (Siren) is calling. RCL Royal CaribbeanSo i looked at this because of a family friend that has been holding it. I must say that i have not looked at the fundamentals of RCL and almost do not care, as the ta seems to reflect what is going on before it even happens.
My initial TA was done around May 8th and so far it is moving as expected. I am by no means, saying that news is not important, but it says something when ta alone is enough to tell the movement.
So starting off of that, we see that the 113.00 price point was not even achieved for a movement up and we were shot down around the 109.00 mark.
If TA continues to hold true, I expect RCL to drop to test and fail at 103.00 and drop between 97.70 and 94.64 to find support before a movement back up.
Based on the fib of this last trend (~65.78-134.54) we find the .5 retracal at 100.66
I think it is possible to bounce off of 100.66 and move up slightly, but i ultimately believe we are moving downwards between the yellow downwards trend line and the green support lines. If we assume the 200 ma will find us support, we can also assume that the 200 ma should be around the 94-97 dollar price range, which will add another indicator to convince people to buy in.
Unless something catastrophic happens, I cannot believe the possibility of the price dropping and staying under 83.00
There are simply too many support areas from 3 separate fibs.
I am interested to see how this forms when it hits the coming support levels and I will update my opinion as RCL progresses.
+ten Internets if you got the reference in the title.
