Royal Caribbean Cruises Ltd
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RCL - crusing up the channel?

175
RCL has been on a steady upwards move on the daily since October of last year, keeping within a pretty narrow channel. No huge deviations up or down, just easing up. During the market turmoil recently, we saw a fake break of channel to the downside, which was quickly corrected back into the safety of the channel. Price is also respecting the 50 EMA, with some recent deviations due to the recent market reactions. MACD is turning up as a result and is on its way to green territory. RSI has crossed the signal line, these are the two indicators I most often follow. On the fundamentals the company slightly beat expectations on its latest release. JP Morgan said recently that cruises are now 20% cheaper than land-based alternatives (vs. 10-15% cheaper in 2019), and they predict a shift in favor of cruising. And, they just this week labeled RCL "best in class" among cruise lines. In terms of analyst ratings (I usually focus on technicals), according to Stockanalysis.com 16 of 18 analysts has a Buy or Strong Buy recommendation on the stock (Strong Buy: 10, Buy: 6, Hold: 2). Expect RCL to move up towards the channel roof, setting target 1 around $173 as this is ATH. Seeing as there is no resistance above this, if it breaks it might move even higher.
Giao dịch đang hoạt động
RCL is making its move up, however slowly. This is not a tech stock, so movements are not as big. MACD and RSI are moving up, and target is not that far away. Again, $173 is ATH and first target as we might run into resistance, but keep an eye out for breach of ATH.
Ghi chú
RCL made ut to and crossed our target of $173. I believe it may have more to give, so will keep the trade open and look to close if it drops back to $173.
Ghi chú
$195 breached. Sometimes targets need to be pushed. Ride the gains, cut the losses. I will let RCL ride, using a trailing stop at this stage.
Giao dịch được đóng thủ công
To be honest, this was closed some time ago. Not at the high, but with a decent profit. Good trade.

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