RCL Confluence at 120

4 mar 2018

Really good looking spot of Support here. Whole Number, 200SMA and a Trendline. Will have to see where it will open at.
Bottom trendline came into play 2015.
Has had a very strong down move with volume the past week hopefully the market can help pull it back up.
Sets up a very nice RR for a bounce back to the top trendline to see if the triangle will continue.

-Risk 119.20
-Entry low 120s
-1st PT 123.50, the dotted trendline was part of a previous longer term trendline that was also about yesterdays high
-2nd PT 126.50 RCL can make a 6 point move and make it to the 9ema50sma
-3rd PT 129 in the next few days if market isnt tanking

5 mar 2018

Uwaga

Bounced perfectly off the 200 at 120.44

6 mar 2018

Uwaga

Came back strong today with above average volume. Trade looks to move higher. 1st PT reached.

9 mar 2018

Uwaga

2nd target reached. Looking great with above average volume.

12 mar 2018

Uwaga

Making a bearish engulfing candle with lo volume. 1st pull back to test lower and continue higher.

25 mar 2018

Uwaga

Trade ended with a close under 9ema