Royal Caribbean Cruises Ltd.
已更新

RCL Confluence at 120

98
Really good looking spot of Support here. Whole Number, 200SMA and a Trendline. Will have to see where it will open at.
Bottom trendline came into play 2015.
Has had a very strong down move with volume the past week hopefully the market can help pull it back up.
Sets up a very nice RR for a bounce back to the top trendline to see if the triangle will continue.

-Risk 119.20
-Entry low 120s
-1st PT 123.50, the dotted trendline was part of a previous longer term trendline that was also about yesterdays high
-2nd PT 126.50 RCL can make a 6 point move and make it to the 9ema50sma
-3rd PT 129 in the next few days if market isnt tanking
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Bounced perfectly off the 200 at 120.44
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Came back strong today with above average volume. Trade looks to move higher. 1st PT reached.
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2nd target reached. Looking great with above average volume.
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Making a bearish engulfing candle with lo volume. 1st pull back to test lower and continue higher.
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Trade ended with a close under 9ema

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