Royal Caribbean Cruise Line: Ship Happens

One bright spot for me is Royal Caribbean Cruise Line (RCL), wihch is sporting a very substantial bearish engulfing pattern, after an early pop higher this morning.

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slopechart_RCL

Judging from past behavior, this continues to look like a good setup for a much more substantial fall.

(Click on image to enlarge)

slopechart_RCL (1)

Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...

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