CCL Buy OpportunityStrong volume and techincal set up for a 2-3$ gain for an options trade. 18$ calls exp 10/2 @ 1.47
C1CL34 trade ideas
CCL - Carnival Cruise Lines We haven't checked back in with the Cruise Industry in a bit so lets take a look at where we stand.
The Cruise industry was one of the hardest hit by Covid19 and to top it off they didn't receive any US stimulus relief money to keep them afloat, making them one of the riskier plays. As the saying goes, with great risk often comes great reward. That being said, if we're going into an already risky industry, might as well pick the company most likely to succeed. In this case, while so far most of the cruise lines are staying afloat, Carnival is the one most likely to make it out ok.
We went into this with more detail on our previous CCL posts, but to sum it up, they cover the most territories, have the largest fleet, have the most capital, and can survive the longest without sailings than its competitors. At the moment, the Cruise Lines International Association (CLIA) has announced the decision to voluntarily extend the pause in U.S. cruise embarkations until Oct. 31, 2020. CCL estimated its monthly cash burn rate for the second half of 2020 will be around $650 million, but they have also managed to raise over $10 billion through a series of financing transactions.
Technical Analysis:
At the moment, we're bullish long term on CCL unless something changes (increase in cases during winter, extended cancellations, etc.)
Targets:
1. $21.00
2. $25.30
3. $31.91
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Cheers!
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CCL: Ascending TriangleAscending Triangle
Pros:
R/R ratio above 10
Descending Volume
RS Ascending, but still below 0
PPS above 50MA
Cons:
PPS below 200MA
200MA descending
250RSI below 50
ATR descending, less volatility
If Confirmed:
PT0=26,02 for Gap Fill
PT1=29,90
Could go higher
CCL in Wave 3Wave 1 and 2 completed...in the process of wave 3
Targets 18 and 20
(not financial advice)
CCL : what I bought todayNYSE:CCL is forming a cup pattern with 49.5% deep. And another strong point is that this industry is behaving contrary to the entire market in last three days.
Reverse Head-and-Shoulder Pattern Breakout1. Classic Reverse Head-and-Shoulder Pattern breakout
2. Outstanding Volume
3. Cruises breaking out together: CCL, RCL, NCLH +5%
4. Initial upside target 25
5. Sell-stop 15.5
Inverse H&SCCL breaking out w/ room to run from bottom of intermediate trend channel. intermediate up/ primary down trend still intact.
$CCL - Looks interesting (Same as $BA $AAL)Important support near area of 14.3 14.26
Not for any advise
Just an Idea,
UPDATE: CCL OCTOBER 16TH 17.5 COVERED CALL... with a cost basis of 23.98.
Notes: A continuation of a cruise lines trade I may have put on just a touch too early. (See Post Below).
Just doing some housekeeping here by moving some of my poo piles to the top of the ideas queue, so that I don't have to scroll through the entirety of my ideas to find them.
$CCL Carnival Corp Bullish Inverse H&S
Potential Inverse H&S forming, will look for surge in volume
upon breakout above neckline.
Upside Targets $17.56-$18.16 to Fibonacci retrace levels.
Volume resistance declines greatly and set up a potential run to $19-$20 as
long as the market rotation continues.
Previous rallies have been short lived so take care with increased exposure.
CCL Rebound Wave + Bollinger SqueezeCCL has formed a perfect downtrending elliott wave pattern. It has since been forming a correction wave pattern, forming higher lows. With the volume today and the bollinger bands beings as tight as they are, this is looking it will push up to the 17.5 area.
finally broke a big downwards trendline - Long itThis time it has to be it, i know this sector is slowly dying and boring but you have to be able to see the movement that is about to take place, my bets are all in on this one it has held the daily pretty well, and does not seem like its quick to die. Lets see how this plays out.
Once they can get over that golden support its highly likley that we pump, but lets not get to excited lets see if we can get another 10% day gain. If we go below $15.83......
GG guys its been real knowing everyone here.
But i wont lose this one... mark my words...
I refuse to die here, and i know the whales that bought at $13 refuse to die as well.
Lets pump this sh!t
Goodluck everyone!
CCL DAily long 13.7-13.25CCL DAily long 13.7-13.25
Pro:
1. 2 exciting candles in Location zone (daily)
con:
1. only one exciting candle in execution zone(15 min) so confirmation entry
ABC BulishPossible stop under 12.8
T2: 31 36
Targets 2 are usually not reached until after targets one, then a substantial pull back occurs. They may never be reached at all depending on market conditions, overbought, news earnings etc. I always shoot for targets one then re-evaluate.
Good idea to look back. Has the stock been in a long term uptrend on 20 year monthly? If so, chances are it will resume it's uptrend
Not a recommendation
The farther you can look back, the further you can see forward
