RCL strong resistance at $79 with target at support of $73
RCL has pushed into its upper bollinger band and a strong resistance zone on relatively low volume.
Price support remains much lower and we expect RCL will consolidate within this range until earnings are released.
The MACD is also showing a lack of conviction from the bulls as it remains entwined with the signal line. This may be interpreted as a lack of upward momentum and adds to the bear case.
DYOR
Price support remains much lower and we expect RCL will consolidate within this range until earnings are released.
The MACD is also showing a lack of conviction from the bulls as it remains entwined with the signal line. This may be interpreted as a lack of upward momentum and adds to the bear case.
DYOR