See how the Rectangle is playing out for RCL. View live chart.
Sideways movement between parallel supports.
Bearish continuation pattern.
Gradual reversal from bearish to bullish.
Bearish continuation if preceding move was down.
Traders are watching Royal Caribbean Group (RCL) as price action tightens. With a last close of $281.53, volatility remains active (-0.31%). The primary technical feature is a Bearish Flag formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $260.75, targeting $162.41 with support near $304.4 (R:R 2.25).
What is your outlook on RCL?