CCL trade ideas
CARNIVAL CORP - bullish engulfing c.These are my thoughts on CCL. They are meant to give you an idea, not trading advice.
Bullish engulfing candle forming, CCL should see a move up.
Please be careful, as the market never gives you certainties, only probabilities!
ALWAYS REMEMBER THIS WHEN YOU TRADE
THIS IS IT!!! IF THIS IS BROKEN CCL IS FINISHEDso i was looking at what could potentially happen the red box is a liquidity point and if that is broken i think all hell breaks lose and this stock will be shorted to the dephts of $7 scary stuff for me. However i will buy more shares if this does happen. Never be scared. Remember to not over leverage your position and always have good risk management. We might also just fill a gap, and pump upwards. or we might be in the process of building support at these levels again.
30c CCL 08/21/20 or 32.5c CCL 09/21/20Macro Formation: Bear Flag.
May 15: Micro Formation
Bullish Pennant. Exploded to $25 after breakout. Reached target at June 12. (1 month's time)
June 30: Micro Formation
Falling Wedge. Estimate Explosion to $30. Estimate reach target at August 4. (1 month's time)
Healthy Indicators: Daily MACD, Weekly MACD, and Monthly MACD (beautiful)
CCL approaching supportIt seems that CCL is now hitting support based on previous patterns. I project it will start to increase from here until approaching resistance in at least the low 20s for now. News on new coronavirus cases may affect this, however, based on the regression here I imagine it is on a slowly increasing trend. On the chart is the Hull Suite strategy.
CCL (Carnival Cruise Lines) Now, I know a ton of People that bought into CCL becasue of the "Bargin Deal". But lets not forget that cruise lines were one of the main vectors for SARS2 into the states. if you read the 1st 10Q for CCL they tell you that their reputation might not recover because their ships name associated with SARS2-COV19 and that they may not recover from that. Its under the risk factors section of their 10Q and i think their 10K aswell. Here we have a bearish flag pattern and if PA breaks the channel and failes the restest i am afraid alot of people are going to be out of pocket alot of money. I dont do much stock trading as its too expensive with the Commissions, slippage, broker fees and everything else. but i do like speculating. Lets hope im wrong and everyone makes money and CCL makes rebound because i like cruising!
CCL in Wave4 or New Bottom next ?!All information should not be taken as call to Action, this is my personal view of market situation.
So prediction fulfilled by time zone and timeframe. So that is why it's difficult to be bearish. I don't know what premarket will show us, but i always keep 2 strategies in the head.
Now it's good time to go long with stop only 5% below (use 20% of your capital to reduce risks) and profit can be x15 to Loss.
On other hand if we reach my STOP at 14.65 $ , then i will go full Bear on CCL unless Resistance at 17.42 will be broken.
And Bear means, i expect to Bottom below 7.60$
Why Up you ask with all that bearishness ?! - Wave 5 is manipulative wave, where all remaining positions must be closed (Big Money positions) and considering that we can be still in global wave 4 (UP movement). Big Money have close to NoN rules holding them from any manipulation.
You may like or hate my views. But most important, stay calm and do not give more money to the market than You Decide !!!
$CCL Possible reversal trade in Carnival
Broke from wedge today as risk on stocks cam back in favor.
Lets see tomorrow if we get continuation, or is it just a oversold bounce.
Found support on the local Fibonacci Golden pocket
Possible upside target to $18.75
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blue rail is providing support as of nowlets see if next week if that will be the case...
follow
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WATCHLIST 6/29 : CCL CCL is following a tight trend line down. Looking for Put for next week.
Watch for breakout of 14.80
HEAD AND SHOULDER COMPLETED?- lONG*****************THIS IS JUST AN UPDATE.*****************
i still think its a long term hold, whales are trying to push this lower because of bad news, but the good news is actually that they will launch again on september, so always good to be early than to enter late because of FOMO.
So i detailed some stuff more, i show you where i bought at those two prices, if it goes lower i will buy more. This might be the bottom because the head and shoulder formation look completed. Its trying to reach that golden support zone.
Should this break the 100MA WE WILL BE IN DANGER AND SURLEY SEE NEWER LOWS OR THE LIKES OF $14.
I GUESS THAT IS ALL FOR NOW
HAPPY TRADING
