The Corona Virus has hit the markets. RCL, the cruise company in particular.
I ran the forecast model from Nov 1 2019 till today Feb 28 2020 to see:
1. Did the model predict the fall?
2. When will RCL recover?
I got this fantastic forecast, the model captured both the top on Mid Jan 2020 and the bottom on the end of Feb 2020.
According to the graph RCL will start to go up in a period of two weeks from now.
Good news for RCL!.
This is not a trading advice.
This is an update on the price for March 12.
The price continued to go down as predicted.
The date marked for potential reversal is March 13. we are very close to this target.
This is an update on the price for March 19.
The price continued to go down as predicted and bypassed the predicted date. These algos do not claim to catch the exact dates. Although the date marked for potential reversal is March 13 and we are already beyond this target, it means that a reversal is expected any day now, and according to the line it is expected to be going up sharply but not necessarily much higher.
This is an update on the price for March 24.
The price continued to go down until March 18. Then the price started to go up again. Only 5 calendar days or 3 trading days from the predicted date March 13.