Royal Caribbean Cruises Ltd.
Long

RCL bull flag breaks above $80

139
I last analysed RCL a few weeks ago on the gap up following a cup and handle formation. At the time I recommended a near-term buy (which would've realised a small profit) but to hold off for a longer-term trade.

Since then price has made a new high, pulled back slightly and then yesterday's bar broke out confirming a bullish flag (plus breaking the $80 mark on higher volume). The trend is now reasonably well established and I will look to enter this stock at the next possible opportunity.

Aviso legal

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