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Royal Caribbean Cruises Ltd (Extended Hours)

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RCL trade ideas

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.
NYSE:RCL
by Sector_Reports
$RCL Royal Caribbean Cruises Ltd. $90 target [/list 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,
NYSE:RCLLong
by Bullishcharts
3
RCL 1D ASCENDING TRIANGLE BREAKOUTAscending Triangles are repeatable trading chart patterns. Ascending 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.
NYSE:RCLLong
by Tradingstrategyguides
4