Norwegian Cruise Line | NCLH | On the path to profitability?Norwegian Cruise Line NYSE:NCLH , as well as many of the other cruise line stocks, never fully recovered from the 2020 market crash. From a technical analysis standpoint, this stock may be poised for a nice upward trend soon since it's been consolidating in my selected primary simple average. It is in a personal buy zone at $18.00.
Target #1 - $22.00
Target #2 - $25.00
Target #3 - $55.00 (very long-term)
Cruises
Carnival Cruise Lines | CCL | Time to go long in the teens?Carnival Cruise Lines NYSE:CCL , like NYSE:NCLH , never fully recovered from the 2020 market crash. From a technical analysis standpoint, this stock may be poised for a nice upward trend soon after consolidating in my selected primary simple average. It is currently in my personal buy zone in the high teens.
Target #1 - $28.00
Target #2 - $49.00
Target #3 - $62.00 (very long-term)
NCLH the pure bet on low-brow baby boomers with pensionsCruises. They attract certain people. Cruise lines were hit hard from the pandemic and recovering. I'm long NCLH, I think the recovery in cruises continues over the year and has tailwinds of more and more boomers retiring on pensions every year.
NCLH BULLISH TRENDWith the world slowly coming out of the COVID ghost fears, normalization in people's lifestyles is expected to restore as well. Solid figure formation more known as head and shoulders appears on the daily chart of NYSE:NCLH , breaking 16s might lead to 2-3 pints move in the bullish extension of the shoulder. We all dream of getting a cold margarita on the deck and looking at the sunset of a Caribbean paradise.
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NCLH- BULLISH SCENARIONThe Covid 19 crisis hit the cruises companies hard but after the re-opening of the worldwide economy the crowd Is back, and the demand is near to the pre-pandemic levels.
Considering the fact that Norwegian Cruise Line is the third-largest cruise line in the world by passengers it is worth adding it to our portfolio.
From a technical perspective, the price is heading near the $ 15 support level which will play a crucial role in the future development of the price. if the support level resists, we may expect new moves into the price channel to $23.5.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
$CCL Carnival Corp - A historical analysis for studyAfter Carnival Corp. set a 52 week high the stock tumbled into a descending channel. Which then broke down almost unbelievably into a 'descending inverted scallop'. This ending in a recovery which ultimately was a 'Wolfe wave' that set a new horizontal descending support.
My Tenbagger pick for 2022 - Carnival CorporationDear traders,
Today I would like to introduce you to my top pick for 2022: The Carnival Corporation, or also known as Aida.
This stock looks great in terms of both charts and fundamentals. I think we have a potential tenbagger here for the next 1-2 years, which is at the beginning of a strong impulse upwards.
As you can see, we have completed wave 1 and possibly wave 2 as well. Wave 1 has the shape of a diagonal and wave 2 the simple shape of a zig-zag that reacted to the 61.8% Fibonacci retracement with enormous purchases. From a fundamental point of view, it is a cruise giant with a monopoly position. But what is interesting for me is the current inflation. Inflation does not seem to have arrived in the travel sector due to persistent restrictions on international travel in the travel sector. I think that if we move towards endemic we will get a huge boost in demand in the travel sector, which of course will also boost prices and the Carnival Corporation could benefit enormously from it.
I have set possible price targets for a wave 3 extension based on Fibonacci ratios. The maximum price target would be $ 155.97 which would mark a new all time high. I think this is perfectly realistic.
This is not investment advice, just my own opinion.
RT
Buy Setup with Good Risk/Reward #RCLWith opening of tourism industry and easing of travel restrictions there may be some good traffic for leisurely travel in coming days and months, buying interest of smart money is being observed in #RCL for last few months. Buy #RCL at current prices with SL 75 for atleast 1 year to 2-3 years for some good returns.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
Where Carnival Cruise Line stands with the Delta VariantWith the increase in cases for the delta variant to coronavirus, the question remains: will certain industries suffer again and will their stocks fall?
In the case of Carnival Cruise Lines (one of the larger cruise lines by market cap) my prediction, short and sweet is yes, yes their stock seems poised to fall.
Looking at the 5 year chart for $CCL NYSE:CCL and zooming out we can see that in the last 15 months, the trend for the stock price has begun to form a channel up pattern, which generally has a bearish breakdown once it moves past the supporting price (bottom line). What is an event that could be enough to have $CCL break the support on this channel up? The fear mongering, uncertainty and future mandates that may arise with the delta variant
Is this the time to buy the dip?
For investors that are bullish for future cruise lines rebounding, your dip buying entry is close, but we are not there yet in the case of $CCL. While the candles have moved below the 20, 50, 100 and even 200 EMA (generally a good time to buy a dip), the MACD indicator at the bottom is still right around the y axis (yellow square). In my opinion, the best time to enter for a long term hold in this scenario would be if the candlesticks above fell through the support and broke down, and the MACD indicator in the yellow square fell far below the y axis of the MACD histogram.
Carnival Corporation and plc (CCL) for long termSignals
Position: long Entry price: 18.5
Target price: 28 Stop loss: 19
Indicators
RSI is very low under 25, better to wait till the price reaches the support line around 18.
Bullinger Bands and William Alligator are really opened, indicating a strong trend. So the price will probably reach the support.
ADX is really strong, indicating a strong momentum. It means that the price will lower again. Same clues from the MACD .
Conclusions
Carnival is expecting to have 42 ships back to service by the end of November, embracing a phase of operations restart. After the drop caused by the Covid-19, the company is sailing again in several destinations including the Caribbean, the Mediterranean and Northern Europe.
As the vaccine campaign goes on, older people ( the major costumers of the cruise industry) will be fully protected and will buy tickets.
In the long term the price can reach $40 but if you want to be more conservative set the target price around 28/30.
Watch out! Iceberg ahead!As we trade at the top of this wedge, volume has been on a decline. Also, bearish divergence on the weekly TF -- not great! And, it would only make sense for us to go down for the E wave before breaking out. This is strictly a technical analysis, so yes, Carnival could definitely pump if they come out with some great news -- doubtful though as cruises keep getting cancelled and delayed.
I am personally picking up $30 puts with a 8/20 expiration. I am certainly not betting heavy on this move as I rarely have luck with puts. (This is not financial advice)