RCL
RCL - Royal Caribbean Stock Analysis
Based on Tehcnical and Fundamental analysis the idea is to go long
Fundametal Analysis:
Royal Caribbean, Carnival, Norwegian Cruise Line – Shares of cruise operators jumped on Friday after Barclays upgraded the sector to overweight from equal weight. The Wall Street firm said the worst is over for the beaten down group and that next week’s CDC decision on the no-sail order will be a catalyst for the stocks. Norwegian popped 7.8% while Carnival gained 6.3%. Royal Caribbean was up 5.3%.
RCL 1D BEAR FLAGBear Flags are a Ranges pattern which are a repeatable trading chart patterns.
Bear Flag chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of average volume for a full position size.
b - If 75% of average volume then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
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$RCL ROYAL CARIBBEAN ( long ) AnalysisHey Traders! Yesterday, shares of many cruise companies jumped in the hope that the Coronavirus vaccine would help reopen global economies. Royal Caribbean shares rose...
Please share your opinion in the comments...
For signals and Any analysis or information, Contact me :
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@ayoub.idboubker7
One Good Trade A Day... - 06/22/20 RECAPHi traders,
Just one trade on Monday, but it was a clean and full winner! Isn't it beautiful to be done in just one trade? Because frankly +2% is one of the best results you'll end up with on average (if you are risking 1% per trade). Why not end there and enjoy free time?
Trades:
1) RCL - SHORT @53.20, +2.03%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: +2.03%
Total PnL for the week: +2.03%
Good trades,
Tom | FINEIGHT
NCLH a good buy?Hello, so today I took profit from LTC, which gave us a good return, yet was countered with downward movement. My thinking of buying both was to hedge against NCLH incase of downward movement and it worked. So I entered into another position in NCLH looking for upward price movement as in the hourly we are oversold with major support at roughly around the 16.81 area give or take a precent or two in either direction.
News
-Well NCLH did get downgraded just like the rest of the cruise lines to a hold, yet on the NASDAQ its still a majority buy. Trading view is a sell
-Cruses are pushing back all cruises till the fall and NCLH was the only one that volunteered to extended it further unlike the other two
TA
-We are in a downtrend that is represtened by the yellow dotted line.
-Price target to the upside is at 19.42
-Downside support at 16.61, which we have hit and pass through over 8 times.
-Next downside support is at 15.42 roughly than its 14.10
-RSI is oversold on the hourly
-MACD is getting tight and we can predict a pretty big move tomorrow or on Wednesday
So I'm going long on NCLH in the short term, yet its hard to judge movement since its correlated with all the cruise lines. If bad news hits ccl or rcl than it hits nclh, yet NCLH has the strongest balance sheet since it is the smallest and has money to last about 18 months. WallstreetBets, if you trust them, pick NCLH over CCL if theres any credibility, yet again besides them NCLH has the better fundamentals and has a much larger hand over its money compared to the others. As of writing this futures just dropped 1.3%, so we could suspect a big move on Wednesday
Norwegian Cruise NCLH Technical Analysis Bearish Market - Based on Technical and Fundamental analysis the prices could move down up to the level of 8.00 USD (or even further down - just wait the breakout of the support lien)
Fundamental Analysis:
These comments likely had investors reevaluating their outlook for cruise ship companies, which are particularly exposed to COVID-19 outbreaks. Fears are growing that health officials could decide to extend the sailing restrictions placed on cruise ship operators during the pandemic. With their ships stuck in port, Royal Caribbean, Norwegian, and Carnival are all bleeding cash, and any further delays in resuming their operations could have a disastrous impact on their already beleaguered balance sheets.
Target Price 8.00 - CCL
Target Price 24.00 - RCL
RCL 1D ASCENDING TRIANGLE BREAKOUTAscending Triangles are repeatable trading chart patterns.
Ascending chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of average volume for a full position size.
b - If 75% of average volume then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
Potential reversal up the upside or downtrend continuation. What is LUV?
Southwest Airlines Co. is a major American airline headquartered in Dallas, Texas, and is the world's largest low-cost carrier
if your bullish on the airline sector, you can take long position here or around $30.41.
or short it at $31.
but if overall market goes bullish, we could see
1st target around 34.57
2nd target 38
3rd target 46
Carnival is not yet ready to Party! Need Volume ConfirmationAnalysis:
1/ Price retraced above 50% - It's unlikely to create new low
2/ Consolidating to build strength to take our $13 resistance
3/ Overbought in the last 20+days - likely for price to go down to do a fakeout
4/ Boom!!! The party happens after fakeout - expect at $10 range
Confirmations for a big run:
1/ Already oversold for the price to go down for a fakeout - Timer set to alert me to start entering trade.
2/ Waiting for volume to cross above my timer for change in trend
3/ If/when price breaks $13 resistance, I'll add more.
NCLH trying to find the next moveAtm cruise lines are the talk of the hour and are the new SPCE stock to trade during this marketcrash, so puts, calls, buy the stock, or wait with cash? Its hard to say, but theres too much negativity in the news with the virus and doesn't look great.
News
CCL says they have an increase in customers for 2021, yet most of those customers are just trips that are being "refunded for 120%" with 20% as "extra perks," which is just them trying to hold the cash customers already spent.
WHO is getting funding cut due to them not reporting the cases correctly.
China is apparently getting the second wave atm, yet not much news on that.
Banks earning down, not surprising, yet they are getting stricter on loans for new houses. Less money to loan out.
Now TA on NCLH
ATM we are still in a downtrend and bump off of the 50ema
Support is at the 50ema atm with 11.42 as a trading support, which if broken we could see that low $10 trading range. With $8ish as a pretty good bottom.
Resitence is the downtrend line along with 12.84
Volume today has been dropping as we been going up slightly after opening in the red.
I stay short and believe we are going to go lower as theres is no confirm data of reopening due to the latest news on the WHO and CDC pushing for another 100days without sailing and could just close up for the rest of the year. Take profits where you can and wait it out due to the high volitility.
Bearish on RCL- pending Dividend cut.This one is almost a gem, probably one of the easiest short out there.
We all know the cruise sector is taking a huge beating, there's no way they are going back to business until late summer or something.( we are talking at least 1 whole quarter of no income)
They will be burning money like crazy this quarter, and possible lawsuits and settlements eventually.
when this corona situation is all done and over with, they will need probably 2-3 years to even make back these losses.
With that said, There is NO WAY, they can maintain a 3.83 EPS for their next earning report. NO FREAKING WAY.
Their current dividend is $3.12 per share , their earning per share is $3.83, that is 81.51% payout to shareholders.
There is without a doubt that they will follow carnival and suspend their dividend soon. (just matter of when)
I am 100% sure that when they suspend dividend, a lot of people are going to drop this stock, which will cause some selling pressure.
The fundamental behind this play is almost on WALL ST HEDGE fund level lol.
Enjoy this free play & Good LUCK
Short entry 49.90
Cover position target 1 $40.90
Cover position target 2 $34.57