CARNIVAL CORP (CCL) WeeklyDates in the future with the highest probability for price direction reversals
CCL1/N trade ideas
CARNIVAL CORP (CCL) MonthlyDates in the future with the highest probability for price direction reversals
FIRST DIP INTO TOP 3 LINERS Took my first dip into the Cruise companies sticking with the top players and the one that just secured liquidity facilities yesterday , also expect the US government support for these too
Any positive news can double your investment in no time , otherwise good LT holdings if don't go into bankruptcy of Course lolll
Took equal weight each , will add if situation improve, this is a first dip so go nimble if you play that game like me
CCL
RCL
NCHL
OPENING: CCL APRIL 17TH 30 SHORT PUT... for a 2.43 credit.
Notes: High rank/implied at 99/80. With a current yield of 5.30%, I'm fine with taking on stock here with a cost basis of 27.57 if that ends up happening.
CCLI drew up this chart last month and wrote that $22 CCL would be a buy in 2021. Well looks like $22 came 1 month later and really not feeling to confident in buying here looks like big problems might be ahead. Conversely if CCL does bounce here then I would assume that the market thinks Coronavirus is finally getting under control
Carnival support zoneWeekly RSI oversold like 2008 level, Monthly RSI is not quite equal to 2009 levels. Support levels shown. Which support level is most likely to be the one?
Carnival Cruises Tech AnalysisI am seeing potential upside for Carnival Cruises. Entry in the low 20's would be a better choice than current price levels. I've intermixed fib.retracement with resistance levels to highlight key prices that will likely see large volume trading. I have also outlined retracement levels to levels before the COVID-19 Coronavirus scares. I recommend entering around 21/22 to limit your downside potential. That being said however, entering around current levels could be lucrative . From current levels market volitility, and short interest , I can see CCL hitting 32.85 in 1 - 2 months and $42.5 by the end of the summer
Cheerio,
Alex Lorenzo
CCL Rising Wedge on the WeeklyHi guys,
This just broke down over the last week. I would not be surprised to see a slight tick upwards because of the RSI being oversold so much. I believe this is going to continue to drop until we find support at critical levels (red zone). Happy trading!
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.
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
