CCL trade ideas
Waching if it breaks through 16As we've seen the buying pressure is strong in this market. I'm waiting it breaks through 16 to short.
CCL - to buy only on reverseBe careful of CCL, which may continue to fall, watch for trend reversal before going long!
Makes me sad to say this but, short it :(Hi guys!
Well as you can see, Carnival is in a strong down-trend, which started back on June 8. It makes me sad because I already own a big portion of it, but I will purchase more on the way down, and even highlighted it for you, where I will buy more of it ( purple boxes).
In case the yellow line breaks and manages to stay above it, then we will be back in an uptrend. Until that happens puts or shorts are the best way to make profit :(
If you are interested in a chart analysis like this, check my profile. And If you want me to analyze a specific stock, please write it in the comment section.
Long Term Support Trend Lineb - Retest High in AugustSo CCL has had a drop down with all the bad news this past week. First Norweigan said they would not sail until October (which brought down CCL, NCLH and RCL), then CCL posted higher losses this quarter and finally the overall cruise association said no North American cruises until September 15. So with all this bad news in one week where does this put CCL, well the good news is there is a support trend line, and if it holds we can retest the recent highs in about two months.
Carnival Cruise Lines Not ready to party just yet- LONGSo i havnt posted in a while. I been greedy and milking the market by myself, but anyways....
This looks like a big mess, but i promise.....
IT IS!!!!!!
So in terms of price action CCL is finding a support floor to make its next jump should we break the trendline on the bottom limit then this will die.
However i have a strong belief that this is bouncing and should this go any lower to the likes of $16 i will add more to my position. Im in a long term long
CCL in Wave4, Be careful !All information should not be taken as call to Action, this is my personal view of market situation.
Rule of thumb "Never trade in wave4".
Now it is exactly that situation when you look at chart and do not see good entry for long or short. Volatility increased and hunt after our stops begun.
Why Wave 4 ?! If you look at Sub-wave A there is only 3 waves, and this only allowed in (complex)correction. Big move(52->8$) = Always Wave3 of some timeframe.
Previously i was looking for short in 20-22 area, but we actually overshoot that upto 26$. That made Wave C 1.62 to A , what is according to rules. But from my observations in stocks, waves tend to like Fib ratio of 2 as well.
And if we look at chart now Fib2 will bring us to 29$ and this area corresponds to Fib Retracement of 0.5(52$) or 0.62(44$) depends how you calculate.
So my plan is to sit and wait for price to break below 16.50$( scenario 1 ), where i will start shorting on lower(1m,5m) timeframes as daytrader OR
Break upper resistance of 26$ and come to 29-31$ where we may look for good shorting opportunity.
But overall sentiment is still that we on vacation season where institutional traders enjoy their summer vacation and overall economical situation is not good.
You may like or hate my views. But most important, stay calm and do not give more money to the market than You Decide !!!
Could be seeing short term gains in CCL, regression projectionWatch for support and resistance levels. The regression level suggests a general market uptrend. Cruise ports reopening in the future will eventually raise stock anyway if it does not go bankrupt. Watch for a trend reversal at support to see if you should sell there to avoid this. CCL has survived many recessions prior.
CCL Swing Trade for Monday 6/15Bullish breakout stop limit at 20.33, stop loss exit at 18.35.
Based on the hammer candle from June 12th.
CCL Gap Fill ReversalCCL has had a prior gap in its daily chart. It has recently filled that gap by 100%, which now willl be looking for it to reverse back to the upside to the $21 range
CCL! Ascending Triangle! CCL! CCL! STOCK
My Thoughts: Bullish
Current Price: 23.03
Divergence: Weekly Bullish Divergence
Daily Pattern: Ascending Triangle
Possible Pattern: Daily Ascending Triangle
Weekly Pattern: Falling Trendline Resistance
Current Resistance: 24.62
Current Support: 21.32
Targets are take profit areas for me!
1) 24.62
2) 26.52
3) 31.03
4) 33.16
5) 38.30
6) 44.45
7) 47.43
8) 53.02
9) 59.25
10) 72.23
Level of Supports
1) 21.32
2) 18.08 Trend Support
3) 16.06 Major Support
Please remember to DYOR and this is not financial or investment advice. It's my targets for the market at this moment. Please let me know what you think of my technical analysis and thank you.
CCL Long Idea - Recovery PlayLogic: a close above 50D EMA a positive, suggests intermediate trend pointing higher.
Entry: €17.00
Stop: €10.85 (consider to close immediately in case of negative corona news)
Risk: -23.53%
Target: initial €24.75 gap close, mid €30's realistic longer term.
Gain: 45.59% in 76.74% in second scenario.
Note: Longer term speculative idea; Carnival significantly discounted with strong upside potential upon economic recovery and positive coronavirus-related news.
FYI: bit.ly
