Cruise Liner Contrarian - CCLAgain just looking at this chart individually. The fact all three charts are experiencing the same setup bodes well for the sector reversing at the same time.
CCL trade ideas
Will Carnival Cruises rebound after Coronavirus?Transoceanic tourism operators like Carnival Cruises (CCL) are suffering from the Cornovirus and all the bad reputation cruise ships docked with passengers quarantined any many places. However, will it last? I am tracking CCL. What do you think?
Will Carnival Cruises rebound after Coronavirus?Transoceanic tourism operators like Carnival Cruises (CCL) are suffering from the Cornovirus and all the bad reputation cruise ships docked with passengers quarantined any many places. However, will it last? I am tracking CCL. What do you think?
Carnival Corp this one is for the long runCarnival Corporation & plc, the world’s largest leisure travel company, provides travelers around the globe with extraordinary vacations at an exceptional value. The company’s portfolio of global cruise line brands includes Carnival Cruise Line, Holland America Line, Princess Cruises and Seabourn in North America; P&O Cruises (UK) and Cunard in Southampton, England; AIDA Cruises in Rostock, Germany; Costa Cruises in Genoa, Italy; and P&O Cruises (Australia) in Sydney. Additionally, Carnival Corporation owns a tour company that complements its cruise operations: Holland America Princess Alaska Tours which operates in Alaska and the Yukon.
Together, these brands comprise the world’s largest cruise company with a fleet of 102 ships visiting more than 700 ports around the world. A total of 19 new ships are scheduled to be delivered to Carnival Corporation between 2017 and 2022.
Carnival Corporation employs over 120,000 people worldwide and its 10 cruise line brands attract nearly 11.5 million guests annually, which is about 50 percent of the global cruise market. Combining more than 225,000 daily cruise guests and 100,000 shipboard employees, more than 325,000 people are sailing aboard the Carnival Corporation fleet every single day, totaling about 85 million passenger cruise days a year.
$CCL for the Shopping List Once Vaccine is DevelopedCCL has a constructive longer-term pattern in play into this headline-driven drop. A vaccine may not be far off for Wuhan Coronavirus. Keep this one on the radar.
Look for bounce on Carnival Cruise Line in 46.50-48.10 rangeCarnival Cruise Lines has been dipping on news that one of its ships spilled 5900 gallons of gray water into the ocean at Port Canaveral. The incident doesn't actually pose any risk, however, because the EPA is not imposing any penalties. Accordingly, I expect CCL to recover soon, with a bounce in the 46.50-48.10 area.
Entertainment, leisure, and hospitality has been an extremely strong market segment for the last quarter, and CCL beat analyst estimates by over 20% on its last earnings report. The company's 4% dividend and approximately 11 P/E make it a good value even if the sector's outperformance doesn't continue in Q1, but there's no reason yet to expect a slowdown in this market segment.
CCL CCL broke a major resistance line in its last quarterly earning release. I expect the stock to trend higher. Target price is $57.30
$CCL Major break of Downtrend for Carnival CorpEntry level$51.50 = Target price $57.75 = Stop loss $50
CCL Carnival Corp nice bottom again and MACD divergence upThe MACD is right on the signal line and the divergence indicates the $47 level is where prices should be. Going to grab some 16 Aug 47.5 calls in the morning if the market behaves currently last trade was around 19c
CCL (CARNIVAL CRUISE LINES) ENTRYGOOD LOW RISK ENTRY ON CCL TODAY. ENTERED AT 45.70 BEFORE THE UPTICK. COMING OFF HISTORICAL SUPPORT AND SHOWING DIVERGENCE ON 4 HR TIME FRAME SO FAR.
CCL 8 & 6 RRR shorts on two timeframesTrading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based Fibonacci retracement triangle is drawn starting from the earliest trend touch point and ending at the earliest touch point of the opposite trend line .
4. Based on the degree, of the earlier defined angle, the appropriate (and secret) levels are selected for the fibonacci retracement ; two levels for stop-loss and two levels for take-profit. The closest stop-loss level to the current price level is the top priority stop-loss. Though the secondary stop-loss level is often chosen for some markets such as FX and some equities in order to account for seldom unexpected resistance breaks. The greater target level is the top priority, and where majority of the shares are sold, though some may choose to close part of the position at the first target level or set it to be the stop-loss once price exceeds it. Entries should be laddered in around the levels closest of the yellow line.
This trading strategy can be applied to any market and time frame, and positions most often garner the greatest risk-to-reward ratio with the highest success rate. What more can you ask for? I will only be posting my unique trading strategy until EOY. I work solely with price action to identify pennants and apply unique trend-based fibonacci retracement levels for SL and TP levels. Reach out to me if you have any questions.
