N1CL34 trade ideas
$NCLH 2021-FEB-23๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐?
Since the start of COVID, NCLH has seen it's value halved. During it's recovery phase, $30 has been a point of rejection on 2 previous occasions. With today's close above $28, the price has come from a much higher base, which should - in theory - give a much higher chance of finally breaking through the resistance.
This isn't a buy (yet), however if NCLH is not currently on your watchlist - it should be! A few more days of closes above $28 will give confidence that this isn't another fakeout.
NCLH Bullish Trend, $38 Fib level expectExpect to hit .618 fib ($38-39) following this bullish trend. I am convinced we reach upper $50's by EOY
We recently broke recent resistance at $29 (blue line)
Earnings will most likely be negative but will be an increase from previous quarter (data available by your broker or Yahoo Finance!)
Will pick up more if trend is reversed back to $29 or .382 Fib at $26-27.
Breaking below $26 may take us to goblin town (sub $20)
And the obvious...travel has been lagging with the reversal.
What do you think?
NCLH possible spot for entry . 200 sma below for support. trendline support. would like to see back test the 382 or even the trend line make a higher low here. also looking left a previous support area once confirm new support could be great entry
Monthly is back testing previous resistance and showing first sign on positive momo soon.
NCLHLONG-TERM: 4hr classic bullish convergence and daily hidden bullish divergence, with a dragon pattern. Target is the golden ratio fib level, just under a major resistance. Idea here for me personally is to take profits before earnings at the end of Feb. (Not financial advice and lockdown news can affect this, so keep an eye out)