CFD Trading – Sell Royal Caribbean Cruises Ltd (RCL.NYS) @ $69.85. Stop @ $76.05 and Target @ $62.70.

Royal Caribbean Cruises Ltd Stock Code RCL.NYS

Outlook

Price close below the cloud two trading sessions ago, changing the chart outlook to bearish. In the previous trading session, price close below the cloud, confirming the bearish price trend. Conversion line and Base line had a bearish crossover and is hinting at a bearish price trend. Lagging Span is below price of 26 days ago and is below the cloud, confirming the bearish price trend.  MACD is bearish and hinting at a bearish price trend.

Strategy                  

$69.85                Sell

$62.70                Price Target

$76.05                Risk Management Stop

3 weeks              Trade Duration

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