| With the recent optimism in the global recovery, cruise lines haven't had the rapid rise many hoped for and are still below previous highs.
Royal Caribbean (RCL) is one of them... But the chart is showing some bullishness.
We're looking at the weekly chart going back three years.
To the left, in the gray box, there's a gap from last year's fall out with a gold horizontal arrow pointing to the right...
What are we looking at? A bull flag, drawn by the gold trend lines.
A strong break above the $100 area is likely to fill that gap around $110-$115 and the setup looks good, but I'd wait for that break before going long.
-Corey
(Disclosure: I hold no position in RCL.)
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