RCL cruising ahead.

RCL cruising ahead

It has not been a great week for the US Indices as the Nasdaq and S&P had their biggest weekly declines since February of this year, following tapering suggestions as to the Fed ramp-up to announce tapering in next month’s FOMC meeting.

ISM Manufacturing PMI and Consumer Sentiment is set to be released at 16:00 (SAST) to take note of.

Yesterday’s movers:

Stocks to watch:

Royal Caribbean Cruises (RCL)

As vaccination rates and continue to increase and global travel pics up, travel stocks has continued to break pre-covid levels as investor speculation in the travel industry gains traction.

Technically the chart is setting up well as we’re getting a retracement back down to the rising wedge, targeted entry should be between $84-$86.

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