CCL trade ideas
$CCL at interesting levels$CCL is currently at interesting levels w/ a gap to fill ~29. Value plays make sense in the coming week(s). A break above 25.48 with volume could commence the gap fill.
Cup and HandleThe handle low has dipped below Mid cup..some would say that invalidated this pattern..price seems to have recovered and is moving back up..so just an FYI
Rough year for CCL. High before the flu is 72.70. I would imagine it would take a long, long time to get back up there and patience would be required. As long as parties that be keep parts of the economy closed, and as long as the media continues to scare folks to death over possibly getting sick and even dying, I would imagine this one will have trouble. Also, there are possibly folks stuck overhead who are in financial pain.
Trade at your own risk..I do think one day we may be able to go on cruises again, and possibly without a mask (o: (I wonder if space ship travel requires a mask?)
Not a recommendation
Home Sapiens are 100% mortal..sux rox but has always been that way and always will be that way. Enjoy life while you can (o:
CCL ready to BREAKOUT. Target 37 dollarsCCL is forming a nice basing pattern and I am expecting 37 dollars in the next 35 days or so.
Regardless once the break occurs I expect this to move quickly to the upside.
Calls on CCLI like the pullback this morning on CCL to do an Ichimoku cloud pullback. Looking at the April 22.5 Calls.
$CCL game plan$CCL Cup and Handle on weekly candle chart: Just a heads up. I know the market is red right now but note that CCL is near a cup and handle resistance. Many cruises suspended until March. Could take a catalyst like an overall deep Green Day, positive Covid news, stimulus package, etc to push it above. I would prob wait for a pull back towards $21 or a breakout from ~$24.72 above the current price in my chart. I’m likely securing some profit around $31 and $37
$CCL - Carnival Cruises - This ship is leaving - Good looking flag break and retest on volume
- Initial target zone of $29.11
- COVID recovery trade
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
NYSE:CCL
It is written - CCL to $31+Draw whatever targets you prefer. Cup & Handle, Bull Flag,Inverse H&S, you name it. Excited on this one, entered in 21s.
All else aside, people want to cruise. Combine business fundamentals with technicals (including CCL $8B+ in cash as of 9/30/20) this could be a home run.
[Long] CCLDecent short interest, recovering data, and a depressed stock price.
Bull flag could be backtesting its first breakout. If support holds, should eventually take out next resistance.
CCL - Cup and Handle play - $35 targetCup and Handle play.
Break out point - 25
Break out target - 35
If the price break above $25, the target projection price is $35
Break below 18.22 is bad.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Carnival Cruise Line - "Megaphones"Currently, I'm still looking for the best price to enter a long-term investment. The technical analysis gives a hint that it possible for CCL to recover. We can see a potential Golden cross on the daily time-frame and a Broadening Wedge Patterns or "Megaphones" on the weekly.
Sooner or later, the business and tourism will be back to normal. Carnival will be on my watchlist for a long-term investment.
Here's below the "Megaphones"
Catalyst:
- Golden Cross
- Megaphones
CCL BREAKS RESISTANCE FOR $$$$If CCL Breaks Resistance in the next few days we could see big price movement.
Abandon Ship! Time to short or sell that under performing CCL!Carnival is tanking fast and it's all hands on deck. All technical indicators say to sell and as trend traders; we trade the trend instead of going down with the ship!!
