Nov. 14 at 11:28 PM
$RCL is currently trading at
$252.87, significantly below its 30-day moving average (MA30) of
$290.65 and 50-day moving average (MA50) of
$306.24, indicating a bearish trend. The RSI at 17.53 suggests that the stock is oversold, which may lead to a potential reversal or bounce in the near term. The 60-day high of
$366.5 and low of
$246.66 further highlight the stock's volatility and current low price point.
For a trade plan, consider entering a long position at
$255, slightly above the last close, to capitalize on a potential rebound. Set a stop loss at
$246 to manage risk, just above the 60-day low. For targets, aim for
$275, which aligns with a short-term recovery towards the MA30, and a secondary target at
$290, near the MA30, if momentum builds.
Overall, the trade is based on the oversold RSI and potential for a bounce within the established high-low range.
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