$RCL Looks to Consolidate at New Highs

$RCL Looks to Consolidate at New Highs

29

January 2025

By

Alex Cole

$RCL has been painting “NoGo” bars for much of 2025.

Recently, price gapped higher then ran higher still to close at new highs on a strong blue “Go” bar.  This change in trend comes after GoNoGo Oscillator broke into positive territory over a week ago.  It has already retested the zero line and found support at that level with heavy volume.  With momentum now resurgent in the direction of the new “Go” trend we will look to see if price can consolidate at these new, higher levels.  We can then look for price to climb higher in the coming days and weeks.

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