RCL
Fibonacci Support .618 The Royal Caribbean Cruises Ltd. (
RCL
) stock appears to be interacting with a significant level of Fibonacci support at the .618 retracement. This level is often considered a crucial juncture in technical analysis, serving as a potential turning point where the asset could find support and rebound. Originating from the Fibonacci sequence, the .618 level is commonly referred to as the "Golden Ratio," and it's widely employed by traders to predict potential areas of support or resistance.
