RCL new idea check it out...
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RCL trade ideas
RCL Breakdown?RCL appears to be in a 5.2.1 Regular Flat corrective wave. Clearly you see RCL in BLACK bold, dropped 3 waves, comes up 3 waves, and now I suspect it to drop another hard 5 waves down near Major Support or below.
I do think RCL can maybe make it back to a double top at $42-43, if it can break through resistance @ $37. However, it is very unlikely it does that.
5.2.1 Regular Flat: "A flat correction is a 3 waves corrective move labelled as ABC. Although the labelling is the same, flat differs from zigzag in the subdivision of the wave A. Whereas Zigzag is a 5-3-5 structure, Flat is a 3-3-5 structure. There are three different types of Flats: Regular, Irregular / Expanded, and Running Flats."- elliotwave-forecast
RCL is still looking to break down if you ask metomorrow is their earnings disclosure i think... may be that will hang a punch to the stock... let see...
i am still bearish...
RCL to $7 due to half way patternmany are not ready for this reality just as the oil traders...
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RCL broke below previous resistance.I opened short at $35.22. Stop loss at $36.50 Targeting $25ish. Stop loss may be tight. This was sort of an impulse trade.
RCL - End of a bullish trend for now?RCL is bullish on the weekly. However, the daily formed a bearish DOJI on on 09 April, and the 4H charts indicate bearish candles, bearish MACD, and bearish RSI. Also, the price is at the 68% Fib level, which suggests it may retrace to $29.50. Given the COVID-19 crisis and recent CDC "no sail" order (10 April) that will extend into mid-summer, I suspect this will affect the cash flow of NYSE:RCL , NYSE:CCL , and NYSE:NCLH , which may discourage investors next week.
I will go short if the price opens lower than the close on 10 April.
RCL going down to 31.49Rays of peaks and lows show support lines closing in on 31.49. At this point we can expect a breakthrough--unsure up or down
RCL to $7I see this as a potential half way pattern... may be 7... seems impossible... but time will will tell if this TA holds... have seen this happen in BTC...Gold, silver etc
Bearish on RCL- pending Dividend cut.This one is almost a gem, probably one of the easiest short out there.
We all know the cruise sector is taking a huge beating, there's no way they are going back to business until late summer or something.( we are talking at least 1 whole quarter of no income)
They will be burning money like crazy this quarter, and possible lawsuits and settlements eventually.
when this corona situation is all done and over with, they will need probably 2-3 years to even make back these losses.
With that said, There is NO WAY, they can maintain a 3.83 EPS for their next earning report. NO FREAKING WAY.
Their current dividend is $3.12 per share , their earning per share is $3.83, that is 81.51% payout to shareholders.
There is without a doubt that they will follow carnival and suspend their dividend soon. (just matter of when)
I am 100% sure that when they suspend dividend, a lot of people are going to drop this stock, which will cause some selling pressure.
The fundamental behind this play is almost on WALL ST HEDGE fund level lol.
Enjoy this free play & Good LUCK
Short entry 49.90
Cover position target 1 $40.90
Cover position target 2 $34.57
Will RCL break the $50 resistance? Going long if it breaks the $50 resistance. Any input/feedback is welcome.
Is RCL getting ready for a rebound?- Crossing the CCI -100 line on the weekly chart.
- RSI indicating a potential reversal.
Royal Caribbean Cruises (RCL) long.All description on the chart.
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Thank you.
Resistance gapswhen to hold and when to sell targets, should be analysed alongside my latest graph for RCL.
Long RCL - Targeting $36I am long on RCL. I think it is undervalued, even with loss of revenue. I'm targeting $36 in the short term, with a swing trade.
RCL Long position Looking forward to see NYSE:RCL and other cruises NYSE:NCLH , NYSE:CCL to shoot up this week. Holding till 60min chart indicates overbought.
