CCL trade ideas
CCL recovery play looking to be bottom catching play with a bounce off the bottom trend and potentially squeezing
ABC BullishPossible T2 35 to 41
Possible stop below 12.8
Travel related stocks have been hit hard. Will people never travel again due to fear of catching the flu?
Who knows..but I think after November 3rd (or later is contested) this will fade away in to the influenza category
Just another virus like the common cold (infact, same virus that causes covid causes the common cold) and a multitude of other viruses we have learned to deal with over the years
Do not get me wrong, the flu sux rox and I do not want to catch any type of flu, but I am not planning to walk around in a mask that now is not supposed to be touched with your hands at all during the day..so I guess you put it on with gloves then throw the gloves away then do not touch your face all day or you face dire consequences. The mask is contaminarted everytime you walk in a room or say hello to a friend, so I guess you need a new one every few minutes. Astronaut suits are an option because if you really want protection, your hair, eyes, clothing, shoes, and hands all need to be covered and changed everytime you encounter another human being. Would get expensive I would think
Perhaps if we get another stimulus check it can help us all buy proper PPE.
Or just do not leave your house..but ive heard this virus even gets in your AC duct work so what's a girl to do? (o:
I am kidding. I am a nurse and I know better than thinking a designer Gucci mask will protect me or anyone else from ever getting sick
Homo sapiens are 100% mortal..unfortunately )o:
Not a recommendation
CCL Carnival Corporation with good bullish opportunity $CCL is trading on the lower boundary of the projected PEAD cone with good room towards the Median line making for a possible bullish move
CCL - head and shouldes pattern - SHORTI see possibility for staying short here. Sector is having a tough times and $CCL is burning $500 mln cash every month. NYSE:CCL
$CCL | Carnival Corp Breakout Setup Price is pushing up against a clear pivot. A break above should lead to an influx of buyers. I also checked the balance sheets and they look really good.
CARNIVAL CORP INVESTMENTwave 2 correction done at 88.6 retracement level and is going for wave 3 with level extension level of profit lies in 1.27 and 1.618 profit target with fall on 90 price level
CCL decision timehello friends ..
CCL is in a sell off due to the negative news , Strong supports we may see a good reversal : 15.15 - 14.86 , if 14.86 is broken down we are goin to see new lows and it is very negative sign. however, we are still in the channel and we might reverse from the bottom of the channel, hopefully we get a good news to push the stock higher. For investors, it is accumulation zone the bad news is always comes when stocks bottom so big players accumulate as much stocks as they can, and it is common the volatility in the bottom and the top
Carnival CorpP&O Cruises unit extended cancellation of nearly all cruises until early 2021; cancelled all Caribbean cruises until end of January 2021 and some other departures from the UK until the end of February.
$CCL Dives on Sober Outlook.. Test of Key Trendline/MA in PlayCCL is perhaps the quintessential post-vaccine play. But shares tanked again on Tuesday after the company stated in its update that bookings in 1H21 are "reflecting expectations of the phased resumption of cruise operations and anticipated itinerary changes."
In other words, demand for 1H21 is still soft due to uncertainties revolving around the virus and how the virus will affect cruises.
$CCL Swing Trade AnalysisIn this post, I will be going in detail with regards to my view of $CCL from a technical perspective.
As of the time that I am writing this post, $CCL closed at $17.69 with a pre-market trading value of $17.75. Currently, I am bullish long-term on $CCL unless there are new developments that impact the fundamentals of the cruise industry negatively. I also have multiple entries on $CCL in which I averaged up to an average cost price of $16.02.
Technical Analysis
I believed that I have broken down the technical aspect of $CCL's chart quite clearly in the candlestick chart above, but just to add on a few things:
1. With regards to my price target, if an Ascending Triangle forms, I will take profit when $CCL breaks out towards the upside into the downtrend trading channel which I have drawn in the charts. From there, I may or may not re-enter a position. This will depend on how $CCL reacts to the channel.
2. With regards to my price target, if a Rising Wedge form, I will take profit when $CCL breaks out from the Rising Wedge towards the downside. However, because the downtrend that came before the Rising Wedge is a downtrend that was driven by COVID-19, a black swan event, it is likely that if market sentiments are bullish enough due to the wide availability of COVID-19 vaccines, positive news regarding the cruise industry, etc., prices could still break out towards the upside. As such, these require further monitoring.
3. However, if neither an Ascending Triangle nor a Rising Wedge form, where the market remains uncertain, I will likely hold my position while averaging up/down accordingly, PROVIDED that there are no fundamental changes towards the company and the industry itself.
Disclaimer
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment, or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.
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CCL HIDDEN bullish divergence in makingHello traders, CCL is continuing the rally and we are seeing a hidden continuation divergence in making. I am very optimistic on CCL from a technical and fundamental perspective. The moving averages look very healthy and looks like we are heading for a rally. Cheers!
Hopeful to continue the up trendCCL @ 17.69
Day Chart - Up trend with possible bull flag but its not pretty
4h chart - @ above EMA still up trend
15 min - Trend down at EMA but trend line is broken
Notes - Looking for trend to continue next resistance @ 17.90
CCL Buy OpportunityStrong volume and techincal set up for a 2-3$ gain for an options trade. 18$ calls exp 10/2 @ 1.47
CCL - Carnival Cruise Lines We haven't checked back in with the Cruise Industry in a bit so lets take a look at where we stand.
The Cruise industry was one of the hardest hit by Covid19 and to top it off they didn't receive any US stimulus relief money to keep them afloat, making them one of the riskier plays. As the saying goes, with great risk often comes great reward. That being said, if we're going into an already risky industry, might as well pick the company most likely to succeed. In this case, while so far most of the cruise lines are staying afloat, Carnival is the one most likely to make it out ok.
We went into this with more detail on our previous CCL posts, but to sum it up, they cover the most territories, have the largest fleet, have the most capital, and can survive the longest without sailings than its competitors. At the moment, the Cruise Lines International Association (CLIA) has announced the decision to voluntarily extend the pause in U.S. cruise embarkations until Oct. 31, 2020. CCL estimated its monthly cash burn rate for the second half of 2020 will be around $650 million, but they have also managed to raise over $10 billion through a series of financing transactions.
Technical Analysis:
At the moment, we're bullish long term on CCL unless something changes (increase in cases during winter, extended cancellations, etc.)
Targets:
1. $21.00
2. $25.30
3. $31.91
Feel free to give us a follow and shoot us a like for more analysis updates.
Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
Feel free to give us a follow and shoot us a like for more analysis updates.
CCL: Ascending TriangleAscending Triangle
Pros:
R/R ratio above 10
Descending Volume
RS Ascending, but still below 0
PPS above 50MA
Cons:
PPS below 200MA
200MA descending
250RSI below 50
ATR descending, less volatility
If Confirmed:
PT0=26,02 for Gap Fill
PT1=29,90
Could go higher
