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.
CCL1/N trade ideas
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
CARNIVAL CRUISE LINE ($CCL) 🔱 | Is CCL Ready to Set Sail Again?🚢 The Cruise line industry seems to be on the rebound in terms of business, and many stocks once beaten down by COVID seem to be on the up-and-up as well. Given that, it isn't surprising to see Carnival Cruise Line's stock breaking out of the COVID bear and into a bullish uptrend.
Despite some concerns that it might be too early to book a ride on the bull cruise, for example, due to the reality that cruise ships need permission from port authorities they don't necessarily have yet, we still think there is logic in riding the waves here. Let's look for a long setup.
Resources: www.fastcompany.com + www.benzinga.com + www.telegraph.co.uk
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1. Find the trend.
- Fractal Trend is showing a newly formed uptrend (Navy colored bars) on the 1-hour timeframe.
2. Confirm the strategy.
- With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Navy colored lines) and/or bullish S/R levels plotted by Directional Bias (Navy colored lines).
3. Find an entry at support.
- Our entry is the S1 bullish orderblock and S/R flip range. The idea here is that if we pull back before we fill the gap above, this level is the most logical to pullback to while still retaining bullish momentum.
4. Find an exit and set a stop to ensure a solid R:R.
- The target for this trade is the R1 bearish orderblock above the gap. Meanwhile, our stop is placed below S1.
5. Determine other levels of interest for future reflection and consideration.
- Other levels of interest include the S2 orderblock which is also a major price pivot point and expected support come a retest, and the R2 bearish S/R flip as resistance. A break below S2 would end any bullish bias on CCL, while a break above R2 would show continued bullish momentum.
Overall we think CCL has more room to run. We have determined our long setup to have a high probability of working if we do get the pullback, although, with the way this market has been moving, that is a big "if."
Good luck everyone!
$CCL Carnival Possible trade to $24.50
Carnival may have a little room to run on Monday. is it can stay out of the gap below.
Will look for Friday lows to get tested then a possible bullish reversal with $24.50 as a target level to consider.
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Carnival buy opportunityHere just a idea, the cruise industry has never be so cheap since 95" and the future of this industry is never be so in trouble.
My idea is that the corona virus is not so dangerous as expected and as soon that be people realise that, they will travel more than before!
It's just a buy and hold.
Buy when blood is in the sea.
just a idea, not a fiancial advise
good luck!
CCL looks ready to revisit LOWSAll information should not be taken as call to Action, this is my personal view of market situation.
It is quite hard to say that from April we have some kind of trend. I see correction and to be more precise Wave 4.
So my expectation are, that Wave 4 will finish in 20$ - 21.50$ range, most probably in next 5-7days as per Fib trend time indicator.
Game plan is as follows:
If in long: (from before)
Take profit/close position - 20$
Stop-Loss - 14.90$
To go Short, we still need to see reversal and confirmation. Stay Tuned ;)
If Short will play out, expected levels to revisit 10$, 8$, Open upto 5$.