RCL -Present position

In my earlier post on RCL I mentioned that the price could test the 50% Fibonacci level of 118.50. But it tested the 38.2% fib. value of 114.00 and retraced. Presently it is trending side ways between the 23.6% fib. value of 108.50 and the 38.2% value of 114.00. RCL was trending around 110 to 116 before the stock broke down to 100. Thereafter it took support between 102 and 106. If we see the present support of 108.50 to 114 is held successfully then the testing of 118.50 is still achievable. It is in fact has a very good possibility to settle above 120, in the medium term.