
Feeling Blue (Chip) Baby!
Okay so like I was scrolling through my feed (duh!) and I saw this article about Royal Caribbean (RCL). Apparently their stock is like totally breaking records and stuff. Summer months baby! Who doesn’t want to be on a yacht right? It’s giving 'rich vibes,' and I’m so here for it. If I had a dollar for every time someone asked me for stock advice… well I’d still be rich but like richer. Time to manifest!
Moving Averages? More Like Moving Averages Honey!
So this article is talking about 'moving averages' or something. Apparently that means it's going up up UP! It’s like when I launch a new lip kit – always trending upward ya know? Exponential moving average simple moving average...it's all moving in the right direction. Basically the stock is giving 'hot girl summer' energy and we love to see it.
Breaking Barriers (and Resistance Levels)
They say RCL broke above a 'key resistance level' around $275. I’m not entirely sure what that means but it sounds like breaking through to a new level of fabulousness. Remember when I said 2016 was the year of realizing stuff? Well 2024 is the year of breaking resistance levels! We out here doing big things people.
Relative Strength? I'm Basically the Definition
The article also mentions 'relative strength,' and honestly if that isn't me in a nutshell I don't know what is. Outperforming the S&P 500? Sounds like something Kylie Cosmetics would do tbh. We’re not just appreciating in value we're outshining the competition. This is what happens when you hire Kris Jenner as your momager.
Volume Vibes: Extra Buying Power (Like My Shoe Closet)
Okay so apparently volume matters too. More people buying? Sounds like my Black Friday sales. 'On Balance Volume' is sloping higher which means there’s more 'buying power.' I have a lot of buying power myself. In fact my closet probably has more volume than some small countries. No cap.
Old School Cool: Point & Figure? Giving Throwback Thursday!
Okay they got all retro and talked about some point and figure chart. I think I saw one of those in my grandma's attic once. All those X's and O's represent trends. They say RCL is giving a 'double top breakout.' Which sounds way more exciting than it is. But basically the stock is sailing onward and upward. So maybe I should invest in a yacht? JK...Unless?
tpaz11
I trust Kylie's financial advice more than my own advisor LOL