RCL - Update 2 - Strategy - Buy on Dips

30th of November I expected the RCL price to retrace and find support between 89 and 93. This has happened and in fact moved a bit below the low of 89 in the one I mentioned. However the price did not test the next support zone between 80.70 and 85, as the price took support at 86.20. The range it traded on the 20th was between 87.50 and 89.70, as such the price has moved again to the support zone between 89 and 93. There is a small recovery but not at all important for a strong reversal. Yet for any one to Buy on Dips this is a good period.

Please note that this is an idea that I am sharing in order to show the reader how an idea is to be structured and followed up till the completion. Using it for the readers personal Investment or Trading goals needs to be on the Strategy. This strategy is not only confined to the stock given here, it can be applied to a stock of your own as well. Buy on Dips is the Strategy and the risk must be something that must be decided well before buying the stock. Get more expert advise about the Risk Reward management and increase your knowledge and confidence before buying any stock.

Link to my earlier post is given Here