As I observe the day to day activity on RCL, I see the possibility of price dropping towards the low 100s between 113ish. The weekly timeframe overall up until now has been on a steady climb to the upside. So a strong dip into a fair value which would encourage investors to look for entry at a lower valuation when it comes.
Looking at the daily timeframe I've noticed a possible head and shoulders pattern appear which can signal some bearishness in this case it should be short term as the overall uptrend was quite valid up until news release of debt offering which can be good news for the longer term.
I see some upside in case this were to deep in the lower 100s in the days or weeks to come.
Looking at the daily timeframe I've noticed a possible head and shoulders pattern appear which can signal some bearishness in this case it should be short term as the overall uptrend was quite valid up until news release of debt offering which can be good news for the longer term.
I see some upside in case this were to deep in the lower 100s in the days or weeks to come.
infamousnicone