RC8 trade ideas
One Good Trade A Day... - 06/22/20 RECAPHi traders,
Just one trade on Monday, but it was a clean and full winner! Isn't it beautiful to be done in just one trade? Because frankly +2% is one of the best results you'll end up with on average (if you are risking 1% per trade). Why not end there and enjoy free time?
Trades:
1) RCL - SHORT @53.20, +2.03%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: +2.03%
Total PnL for the week: +2.03%
Good trades,
Tom | FINEIGHT
this is the leader in the cruise industrylets see if this bounces off the line...
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Royal Caribbean Cruises Stock Analysis - RCLRoyal Caribbean Cruises: The idea is to go short or hold.
RCL mini HSIn general, seems like the bouncing hard names i.e. DOW needs to take a rest or even resume down trend.
Royal Caribbean continues with liquidity boost to sail through
themarketsignal.com
(Click link above or copy, paste and hit enter in your browser for your report)
Royal Caribbean Cruises Ltd (NYSE:RCL) gained 2.75% on a volume of 20.69 million shares. The stocks around tourism or travel haven’t brought much of good information ever since COVID-19 rattled the U.S. economy and led to the tanking of share market. The Royal Caribbean, in its bid to swim out of this rough current of virus, is continuously boosting its liquidity. Recently, the company raised additional $2 billion through convertible and senior notes, which will mature on June 15, 2023.
Before this, the company on May 19 had completed senior secured notes offering of $3.3 billion. The company had estimated its cash burn within the monthly range of $250-$275 million with the operations suspended and cruise not sailing.
Elliot wave theory and now A, B, C, correctionI think this could start of an A, B, C, correction for RCL, which is a good time to try to take some profits and buy in later. Let me know what you guys think?
$RCL Royal Caribbean Cruises Ltd. $90 target
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Sentiment high in the sector
Volume very impressive
RSI is approaching 80 so quite overbought
Still quite a high short interest of 14%
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,
another gap at the blue circle...is this planning to fill that gap? its possible
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Short full bull shit company, potential bankruptcyShort full bull shit company, potential bankruptcy
gap closed...now whatmy bet is that this has one few more waves of consolidation..
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Short from down trend and risk off for stocks acc. trade warShort from down trend and risk off for stocks acc. trade war
minimal more to support next move to new low, i expect very low price from troubles this company
RCL - Head and Shoulders, Bearish divergence1. Head and shoulders
2. Bearish MACDH divergence
3. Wave 4 ending
