0I1W trade ideas
MACD moving up long to 90MACD is changing direction, the stimulus is pumping up these recovery stocks and RCL looks like its about to pop, probably should wait for confirmation though.
RCL for the long termStories aside about a vaccine and return to normal I like the price action of NYSE:RCL . What the price has done is brush up against the 50% retracement level several times this year and finally has broken above it for a week and come back this morning to spike out and confirm it now as support. This presents a great LOW RISK trade because you know where your stop needs to be (below this morning's low).
RCL and DAL BULLISH Recovery StocksSome price action this week got me very interested in stocks that were all the rage through the pandemic trading in 2020. NYSE:RCL is a trade I posted about yesterday that was up 4% on the day today. I like this price action to go more. NYSE:DAL is another stock in recovery that a friend had me look at and it has almost identical price action. He also took a LONG date option and I love it... he's getting PAID FOR PATIENCE!
RCL - Ascending Triangle BottomWhile an ascending triangle usually forms with a prior uptrend (ie a "continuation" pattern looking to resume the prior (up) trend), the odds are also good as a trend reversal pattern when it forms at the bottom of a chart.
Looks like a breakup of this triangle is getting close especially when we see a strong gap up as it approaches the apex of the triangle (although another minor pullback cannot be ruled out).
Declining volume is also typical as the triangle is being formed and once it breaks up (for good), an increasing volume will help increase the odds of a sustainable trend.
Theoretical target is ~ 128 (a cool 68% profit potential from breakup level of 76). I would put an initial stop loss 65 and trailing the stop up on if and as the trade goes our way. Let's check back in several weeks / months to see how this will play out!
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to comment and share your opinion :)
$RCL Royal Caribbean Group Bullish Targets
Potential Bull-flag breakout targets for RCL- above major resistance at $75.55
-$77.40 Monthly candle resistance
-$82.93 Yearly horizontal resistance.
-$89-90 Major pivot point and Fibonacci Golden pocket
Royal Caribbean Stock Analysis - RCL stock forecast todaThe Idea is to hold - refer to NYSE:CCL Technical Analysis
ROYAL CARIBBEAN GROUP Course Hey guys, ROYAL CARIBBEAN GROUP is in a false bearish trend with a large volume of purchases issued and an attempt by repressed buyers. Leaning on the TIMEFRAME M1 we see a hammer bull candle shape with past purchase volume. It is very plausible to break the VWAP then to breakout the price zone and put it away to go to a new zone. Subsequently go fill the gap of bearish breakout and breakout again to revel on the high after.
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Royal Caribbean falling below support lineIn case anyone still follows RCL. Price has fallen below support as earnings date is approaching.
RCL oversold short term bullish with ER to gap fill struggling w/ support at 100MA, very close to the previous close from last ER
under quarterly POC, expecting for a bounce off 100MA to POC. bull case to find support near POC before gap fill.
ER as catalyst coming up, so short term bullish.
ABC BullishPossible T2 (long term) 116.5 to 136
Possible stop below 45
RCL had formed a intra-year C&H pattern but is not to long entry level on that pattern of 75.7
I think travel stocks will move after election when the covid scare goes away. I do not think there will be a point in continuing the fear instilled in to this country by the media anymore, no matter who wins. The purpose will have been served.
Not a recommendation
RCL DAILY LONGSee chart annotations for entry.
Pulled off a similar move from mid 60s up past 100 in 2016.
Seasonax detrended data shows this stock is typically strong until the end of the year.
Could be dependent on US election result however.
Wide stop to account for several attempts to break through 75 and 200 MA.
ALT
200 MA is down and if price can't break through it this target will never be reached.
Position size 1% of account as usual.
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.
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
