CCLEarnings in the morning. I have puts. Either it drops on earning or gets squeezed higher one last time before dropping in October imo.
CCL trade ideas
Bullish Unusual Options Activity on CCL Sep 9.50 callNYSE:CCL $325K in premium traded for $9.5 strike calls for Friday September 30th 2022 expiration traded today.
Unusual Activity for $9.5 calls about 28,000 contracts traded throughout the day @ approx $0.25 per contract (Above Open interest of only 3200)
Carnival Corp earnings date is 09/29/2022 Thursday
Stock is at an interesting price level. If stock price moves up and IV increases could help add premium value to the call options.
Risks : Short Expiration - Theta Risk. Earnings Risks.
I would recommend a vertical spread to keep theta at bay especially after earnings when IV will drop reducing the price of the options if you expect to hold this past earning.
Entry Above: 9.01
Target 9.36, 9.65, 9.96
SL close below 8.74
You can use the above levels to trade the stock as well with risk reward ratio of approx 3.65 (defined risk)
Follow more unusual activity signup using my referral link marketaction.live
Important Note: This is a short duration contract with earnings risk. Please trade responsibly.
Please let me know in the comment if you find this useful.
CCL - Long PositionWhat we see in the chart is a clear ascending triangle formation. The price will probably break out and move to the resistance line.
The entry is at the breakout of the triangle if accompanied with the volume surge. The target is shown in the chart.
With regards to the earnings announcement we believe it won´t have a significant impact because it´s already priced in.
Goodluck
CCLHELLO GUYS THIS MY IDEA 💡ABOUT CCL is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
CCL UnfoldingSeems an accumulation is near completion. Expectations for Earnings event as a catalyst for Investment decision and market direction. Can Carnival Do something about their falling prices?
CCL downtrendMonday ccl going to break the first resistance 9.94, then strong resistance 9.72
weakly chart we can see another red zone
Indicators used:
- MA 209
- volume
Carnival cruise WYCKOFFBeautiful Range Creation here. 1 Hour chart is starting to unravel. Bias is bearish in this instance since there are subtle signs of weakness throughout the schematic. There is more than one UT as well, signifying a confirmation of weakness or prolonged uncertainty within the range. therefore, It is evident that Earnings may have a high significance towards traders, institutional sentiment.
CCL ready to breakCarnival Corporation
Short Term
We look to Buy a break of 11.11 (stop at 10.17)
A break of yesterdays high would confirm bullish momentum. Posted a Double Bottom formation. The measured move target is 14.11. Further downside is expected and we prefer to set shorts in early trade.
Our profit targets will be 14.11 and 16.04
Resistance: 11.00 / 14.17 / 17.20
Support: 9.50 / 8.50 / 6.00
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Carnoval Corporation counting its pennies. CCLGoals 0.56, 0.49. Invalidation at 0.89.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Buy $CCL - NRPicks 10 JunCarnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises and Cunard brands.
CCLLooking like it wants to break the c0vid lows. Could see a false breakdown first before the real move down but no guarantees.
50-100% profitI don´t know nothing about this stock.
This is just an analysis blindly on the chart.
All the indicators are suggesting immediate growth with more possibilities in the future.
Let me know what you think in the comments.
Be wise, don´t work for money, make money work for you.
Catch the dagger!!Carnival looking ripe for a lucrative daytrade from that 9.60 zone.. At the open if we dip Il buy it at that zone but if we have good volume on 5 min candle as well without dipping il buy again....Could be a good R.
Possible 96% Jump CCL cruise line. My thoughts on this stock is that it can go 90% and if it goes no further we can see the start of the recession. Keep checking in with this idea and come tell me if I was correct. 2-3 months or less from now.
CCL will become a penny stock or go bankrupt Fundamentally this stock is going to become a penny stock or even go bankrupt if there isn't a speedy recovery in the cruise line industry. I see a lot of people thinking this a "value pick" and nothing could be further from the truth.
Pre-covid between 2010-2019 their operating income fluctuated between $1-3 billion with $200-$300 million in interest expenses. Also it should be noted pre 2015 when oil was around $90-100 a barrel their operating margin was around 10% compared compared to the high teens when oil was cheaper. During this period their operating income was in the sub $2 billion with only $200-$300 million of interest expenses.
Now when you factor in they increased their share base by 65% and completely destroyed their balance sheet taking a additional $20 billion in debt their outlooks is pretty much sealed as their their interest expense is now at about $1.5 billion per year. Additionally half this debt has variable interest rates which is a double edged sword, strong economy interest rates go up and their interest rates may go up, if the economy weakens interest rates go down but their business declines as well. They also have lost the majority of equity on their balance sheet not giving them a cushion a safety in the future.
So now even if we are optimistic and overnight their business returns to a comparable period of where their operating margin was between $1-2 billion their interest expense will eat up the majority of that profit. This leaves them with maybe a few hundred million in profit. To even justify the current value very optimistically they would need to currently making $1 billion net profit which leaves their EPS around maybe 75 cents a share at about a 12PE.
Even in a recovery scenario I think $CCL would trade sub 10 PE due to their extremely damaged balance sheet with very high interest expense, the fact there will be no dividends any time soon, the debt they accrued would take over a decade to pay off, and the ongoing perceived fragility of this industry.
While saying all of this their next quarter they will be reporting what is typically the best season of the year and with everyone traveling the numbers may give investors hope and create a dead cat bounce.
If they continue to have unprofitable quarters their chances of bankruptcy or restructuring gets higher and higher.
Bullish Carnival Cruise Swing TradeIt looks like the MACD just turned green and broke a previous resistance line on the daily chart. We could possibly see a future pump as long and the price holds above previous resistance line.
If your placeing long positions. Here are prices you may want to consider taking profits.
1st TP is at $13
2nd TP is at $16
CCL A Wall St Firm Last Week Said This Name Could Go BkThis name CCL has taken a major hit - see title here- IF and Only If - this name drops to $1 we will probably get very long - we do agree with this WAll St call Not advice do your own DD
MEGAPHONE CARNIVAL CRUISE LINEMay I keep this short and sweet? Okay, good. The price of CCL has reached 1990's levels and 'pandemic' lows. This is a bit overdone in my opinion. I shall begin nibbling from here.
CCL - BUY OPPORTUNITYCarnival Corp is expected to report a smaller quarterly loss and a spike in revenue when it announces second-quarter results today before the opening of the market.
The price has reached a strong support zone, giving us a good short-term buy opportunity and an acceptable risk-reward ratio.
The next stop will be the resistance located around $ 15
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Possible future? High risk.Is this the bottom?
Could it touch the corona low?
Could they get bankrupt?
For sure: High risk! It seems inflation is a huge threat for them.
Analysis:
Head and shoulders pattern on the weekly. Price target reached.
M pattern on the weekly. Price target also reached.
Downtrend still active.
Possibilities:
Huge W pattern, but could also end in a huge M pattern (to 0))
Probably corona low is getting touched. If it closes above, we formed a higher low.
No financial advise.
