All aboard - Cruise Lines ready to set sail
Updated
Cruise lines
RCL and CCL have similar charts and each have a pros and cons, however I think money can be made on either one as this is last of the reopen play.
Business Case:
- All 3 companies have confirmed via recent earnings call that they will be 100 % operational by Q1 2022
- Return to free cash flow with 6-9 months
- All seeing booking demand
- VACs number are increasing
- Covid cases are trending lower
- herd immunity in progress
Technical Case:
- 3 recent bottoms formed and held steady on the sell offs - high lows
- 3 tops formed, higher highs
RCL and CCL have similar charts and each have a pros and cons, however I think money can be made on either one as this is last of the reopen play.
Business Case:
- All 3 companies have confirmed via recent earnings call that they will be 100 % operational by Q1 2022
- Return to free cash flow with 6-9 months
- All seeing booking demand
- VACs number are increasing
- Covid cases are trending lower
- herd immunity in progress
Technical Case:
- 3 recent bottoms formed and held steady on the sell offs - high lows
- 3 tops formed, higher highs
Trade active
NCLH WILL POST EARNINGS IN OCT - THE STOCK WILL COME INTO RESISTANCE AROUND 29 - BUT WE ARE FEELING GOOD THAT THE STOCK BROKE OUT OF THE 3RD TOP AND SHOULD CONTINUE THE UP TREND - STILL A LOT LOWER THAN 2019 LEVELS.Trade active
For those who went long, congrats - next level of resistance coming in around 30.67, after that we have potential to break the July/Aug highs. Earnings coming up.
Trade active
there is some selling pressure on cruise lines. I'm still bullish and feel the 30s are inevitable.Trade active
All - with the MERCK oral Covid pill going for emergency use - the re-open & travel stocks got a huge boost. The chart is indicating a nice up trend and confirm that we should continue to move higher.Trade active
NCLH reported earnings which missed est. however the call was upbeat. Booking remain strong and nearing pre-pandemic levels. 2022 looks to be the back to business year. Key levels: 27.10 breached, 27.46 breached but seems like the resistance at the 50 day will need more momentum, but I did like seeing us get through it.
Stay Long - Stay Strong
Trade active
This has drifted off the recent peak after the announcement of earnings and Pfizer Covid pill - the volume has also dried up which tells me the selling has been traders taking some profits and rotation away. Overall, ads on air and TV are up and cruising is back. NCLH will have all ships sailing by Q1 which expedites the turnaround. Resistance level 28.56/29.10 and 30s is reasonable
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.