N1CL34 trade ideas
$NCLH Norwegian Cruise lines making waves
recent commentary from the CEO regarding liquidity have definitely helped the stock base and begin to make a more purposeful move higher.
The company is receiving bookings all be it a heavy discounts but it does show that there will be demand for a more limited supply.
Lets see if we can get continuation on the back of the great news from Moderna today.
Small $$$ moves in this stock could bring huge %%% gains
Be very careful as it is extremely volatile long and short.
Norwegian Cruise NCLH Technical Analysis Bearish Market - Based on Technical and Fundamental analysis the prices could move down up to the level of 8.00 USD (or even further down - just wait the breakout of the support lien)
Fundamental Analysis:
These comments likely had investors reevaluating their outlook for cruise ship companies, which are particularly exposed to COVID-19 outbreaks. Fears are growing that health officials could decide to extend the sailing restrictions placed on cruise ship operators during the pandemic. With their ships stuck in port, Royal Caribbean, Norwegian, and Carnival are all bleeding cash, and any further delays in resuming their operations could have a disastrous impact on their already beleaguered balance sheets.
Target Price 8.00 - CCL
Target Price 24.00 - RCL
NCLH, Support / Trend Squeeze Last support is below "bearish pennant"
Upcoming Earnings on Fri
RSI declining
Earnings announcement* for NCLH: May 14, 2020
Norwegian Cruise Line Holdings Ltd. is expected* to report earnings on 05/14/2020 before market open. The report will be for the fiscal Quarter ending Mar 2020. According to Zacks Investment Research, based on 7 analysts' forecasts, the consensus EPS forecast for the quarter is $-0.38. The reported EPS for the same quarter last year was $0.83.
Norwegian Cruise Line Holdings said it is burning at least $110 million to $150 million of cash a month without sailing amid the coronavirus crisis, excluding customer refunds—a predicament it’s monitoring closely and may take additional steps to improve.
Going to be an interesting weekNCLH has a rather substantial amount of short shares, but the technical s are showing bullish at lest for the next few days.
IMO, if the prices raises above the shorts stops, you will see a rather substantial immediate price jump as the stocks are bought back. If the jump sustains and one of the upper fibs becomes support I may stay in a little longer.
Im not overly concerned about earnings, since I know they will be in the dirt and the price already reflects as such.
again IMO, this week will see quite a bit of volatility, but should end a little upward or break even in price.
Norwegian Cruise Line $NCLHTravel services one the most affected sector from Covid-19 and due to indoor travel of thousand it might have long time to recover.
Falling wedge is showing bearish pattern and there was a resistance at 20SMA yesterday. Needs to break upward, get over 50SMA and start to make higher highs. Holding above would be a good signal for recovery.
Norwegian Cruise Line Technical Analysis - Hold PositionNYSE:NCLH
Technical Analysis might suggest to buy after a sideways trend coming form a bullish (short term) market and after a breaking of a resistance of a descending triangle (bearish Market Signal - one more info to hold this position).
Fundamental Analysis:
Norwegian Cruise Line (NYSE:NCLH) stock fell 6.6% after the company filed to raise $1 billion in fresh capital, of which $350 million will be new shares and the remainder in convertible notes.