Hubert Senters here.
Let’s take a look at RCL, Royal Carribean Cruise Lines. A viewer asked me to cover this one what I thought about the long.
So today, it did close above the cloud which is a long signal. The only thing I don’t like about it is the chart pattern is in a box of pain.
This is what I say when I mean box of pain. You’re kind in grid lock. It’s kind of lock channeling stock here.
So as you can see unless it goes above like $95 or below $76. It’s probably going to go up and down. And then the ADX is a little low at $11.50.
So for me this would just be I’m leaving alone because it doesn’t look great and there’s other different markets that you could trade that are substantially better than this.
Like you could go into like an AMAT so this one. The ADX is $17 so it’s a little better but the chart pattern is a lot cleaner.
As you can see massive uptrend pulled back two days above the cloud. Probably going to head back to about $145 when you look at RCL.
It’s got a lot of pin up frustration right here and then anytime they start doing this channeling up and down it’s hard to get any momentum until they breakout of that box so just be a little careful on that one.
Mark Helweg is doing a special live webinar Wednesday, May 26th at 8PM EST Finding Explosive Trades with the SVS Strategy.
I’m going to HYPERLINK you to the registration page.
Good luck. Hope it helps. See you on the next video.
Hubert.
