RCL - End of a bullish trend for now?

11 abr 2020

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 RCL, CCL, and NCLH , which may discourage investors next week.

I will go short if the price opens lower than the close on 10 April.

16 abr 2020

Nota

RCL is consolidating at a support level of $36.68. Volume is divergent (decreasing), which is normal during consolidation. The stock is neutral (not in a an up/down trend) on the 4H charts with a Bullish RSI and MACD. If it breaks up, look for the next level of resistance at $47.68. If it breaks down, look for support at $31.10.