Royal Caribbean Stock Analysis - RCL stock forecast todaThe Idea is to hold.
The Centers for Disease Control and Prevention has extended a ban on cruises from U.S. ports. The new "no sail" order, issued late Wednesday, expires Oct. 31.
RC8 trade ideas
RCL - Royal Caribbean Stock Analysis
Based on Tehcnical and Fundamental analysis the idea is to go long
Fundametal Analysis:
Royal Caribbean, Carnival, Norwegian Cruise Line – Shares of cruise operators jumped on Friday after Barclays upgraded the sector to overweight from equal weight. The Wall Street firm said the worst is over for the beaten down group and that next week’s CDC decision on the no-sail order will be a catalyst for the stocks. Norwegian popped 7.8% while Carnival gained 6.3%. Royal Caribbean was up 5.3%.
RCL LONG CALL..Trendline support bounce, RSI hidden bullish divergence.
Expect a bounce here target at resistance ~75
Stoploss @ 54.92.
Buy Zone and Target for Royal Caribbean Cruises $RCLMy buy zone and target for $RCL
(Not financial advice)
RCL - Breaking Down, Time to ShortRetested 2015-2016 support level @ $69-75 on declining volume, with a H&S breakdown on the hourly
9/15/2020 - 8:52PM EST
$RCL Potential Breakout in Royal Caribbean
RCl is approaching the June highs , possible entry above $76.00
Potential upside target $90.00
Cup and HandleBeware of R overhead
Not to break out
May eventually form a larger C&H
Not a recommendation
No rising wedges noted
Was trading in an ABC bullish pattern which morphed in to C&H but a shallow C&H
Good luck!
Virus & VaccineStocks that plunged for the virus will rally for a vaccine. Stocks that went up because of the virus, will go down because of the vaccine. The stock market works in a very simple mechanism. There is no secret, no surprise whatsoever. Why people don't get that?
There are three main forces working in the market : Liquidity (cash), Virus (Work from home), Vaccine (Massive pent up demands).
Liquidity is there and it can go to any direction. Virus and Vaccine are determining the direction the money will flow. And it is flowing exactly that way. If you buy techs now instead of cyclicals, you won't be better off.
NYSE:RCL
$RCL Royal Caribbean Day Trade setup
Potential long entry above resistance @ $68.30
Upside target approx @ $74.50 where the 200ma will act as resistance
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$RCL Royal Carribbean $68.00 Target
Potential long trade to historical resistance level @ $68.00.
RCL has outperformed the sector in recent weeks and shown bullish
continuation within the Fibonacci Channel.
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RCL 1D BEAR FLAGBear Flags are a Ranges pattern which are a repeatable trading chart patterns.
Bear Flag chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of average volume for a full position size.
b - If 75% of average volume then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
$RCL Royal Caribbean stayed afloat while others sank today
Interesting price action today as the stock ended just slightly in the red while the majority of travel and Leisure took much heavier losses.
7MA is strong rising support.
Volume resistance drops above $62
Potential target to mid channel $68.00
ABC BullishPossible stop under 45 Earnings 8-10 BMO
Hypothetical T2: 101 to 116.5
Not a recommendation
RCL - bouncing up soonRCL volume profile divergence as it hits the resistance - bounded to go up soon
$RCL ROYAL CARIBBEAN ( long ) AnalysisHey Traders! Yesterday, shares of many cruise companies jumped in the hope that the Coronavirus vaccine would help reopen global economies. Royal Caribbean shares rose...
Please share your opinion in the comments...
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RCL - short-term uptrendIs RCL is showing signs of breaking a "symmetrical" triangle and thus continuing the prevailing uptrend? No major signs of being overbought given current levels. Likely moving up yet most probably not hitting the next resistance level (~60?). Earnings to be released in the meantime and (expected) to confirm a down bump following poor data.
Looking to grab a few more before it goes upBased on recent events the value of RCL should go down within this week and be a good buy-in. Once it hits around the $70 area (if we are still doing bad with the virus) I will sell some but keep most for that $100 + range.
