NCLH has a rather substantial amount of short shares, but the technical s are showing bullish at lest for the next few days.
IMO, if the prices raises above the shorts stops, you will see a rather substantial immediate price jump as the stocks are bought back. If the jump sustains and one of the upper fibs becomes support I may stay in a little longer.
Im not overly concerned about earnings, since I know they will be in the dirt and the price already reflects as such.
again IMO, this week will see quite a bit of volatility, but should end a little upward or break even in price.
IMO, if the prices raises above the shorts stops, you will see a rather substantial immediate price jump as the stocks are bought back. If the jump sustains and one of the upper fibs becomes support I may stay in a little longer.
Im not overly concerned about earnings, since I know they will be in the dirt and the price already reflects as such.
again IMO, this week will see quite a bit of volatility, but should end a little upward or break even in price.
Trade active
Bought in on Friday at 12.22. I will temporarily exit at 15.20 ish if it does not become support. Im not expecting support on this swing though. But, the upper support keeps getting hit with a sledge hammer and one of these times it will break loose. We shall see.Note
Just bought in to lower CPS. cPS now 12.14Note
Is everyone hot and sweaty now. Lol. Nice bounce off the fib.
Today and yesterday are as bad as it’ll get on the down trend.
Now would be truly a bad time to be short imo
Tomorrow will see some very strong volatility for certain, but will end on an up note and most likely a strong up note imo. Macd still need to turn around a bit.
Rough seas still ahead
Note
Volatility will continue this week I believe, but upward momentum will prevail. Watch for resistance at the fibs if you swing trade. I think there will be some good opportunity to swing this stock throughout the week. If you’re a longer term holder, I think the next few week will pay dividends for your patience with NCLH. Imo analyst ratings for this stock, in the short term, mean nothing. Emotion will really propel this stock in the next month again imo. I think it will peak pretty high above its retrace. Again providing opportunity for swing traders and good results for holders. Gl have fun make money and know when to pull the trigger! It won’t go up forever.
Note
Well that happend quick. Tomorrow will be the day to determine if the uptrend continues or the down trend cycle starts. Hanging man candle for the day today, could represent a reversal trend if confirmed by tomorrow’s close being below today’s. If that doesn’t happen. I’ll let her ride a little longer. Imo, I wouldn’t be surprised to see a gap open with closing lower than open. If that happens, I will sell 100% of my position and re-enter after the price has corrected.
Trade closed manually
Got out at 17.04 today. the next few days will see some terrific price drops IMO.I will but back in near the bottom.
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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.