N1CL34 trade ideas
Short $NCLH based on huge Dark Pool activityAt 9:33 AM ET on Monday June 8, a 1 million Dark Pool block hit the tape. It was a big seller.
Stock Blocks
📈 $NCLH
📊 1,082,352 😱
💵 25.01
💔 -0.51 | -2.04%
Friday June 5 had previous block as well, this is big distribution.
Stock Blocks
📈 $NCLH
📊 512,000
💵 22.10
💔 -0.21 | -0.95%
NCLH 2020-Jun-09NCLH up 40% since the last update. The top side of the channel is filling up a lot; a pull down into the lower half should open up opportunities to reset long positions.
Bullish Fib Levelsthese are the bullish fib levels for the bulls...look at the assumptions and see if it makes sense...
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NCLH For the BEARS problooks like this could manifest for the Bears as I see many many bearish formations across the board...
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$NCLH Norwegian Cruise Line Review
Norwegian may have room to run this week but until it breaks past the IPO resistance I have no real interest in a long trade unless it drops to support and trade a reversal.
$19.45 should be good support while $26.58 remains as upside gap fill target
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NCLH looks primed for some profit sellingEver since the news broke out that NCLH could support itself without income for up to 18 months, this stock has been on fire. Jumping from around 10.00 per share all the way up to 22.00 per share. I believe that this impulse has run its course and that we may see a bit of a sell off here as traders lock in profits. If you notice the yellow downward sloping resistance. This was established during the original sell off in January that started the downward spiral of NCLH. The RSI indicator is showing that NCLH is in the overbought range and due to the massive selling after the price spike in the pre-market on Friday, I anticipate that there is some more downside to be seen. I think that price may touch the downward yellow resistance as momentum dies off. Could see some support at around 20.50 and 17.50, however if those levels do not hold I would expect price to dip down to test the green downward support line at around 12.50. I think if you can enter a short position on any impulsive move up, there is some profit to be made as sellers reclaim momentum for a little while.
$NCHLBuy and Sell Zones!
With this pendant, I'm thinking it'll hit the resistance from its pendant.
Of course, it won't break out the first time. It'll probably hover around and tap the resistance couple of times before it breaks up.
Those of you who did not get in at the buy box already, wait for the market.
Once it breaks the pendant, wait for the retest of the pendant as the resistance turned in to support.
NCLH thoughts... double top or double bottom?Norwegian looks extremely interesting here are my top 3 thoughts on what will happen! $AAL $GOL looks like this as well, wouldn't be surprised if lots of stocks in this sector looked like this. My personal take is we break through it (as much as I hate to say it)
1. (green line) we test 17.90 then bounce or simply break right through 20.38 to reach high 30s
2. (orange line) we consolidate for a couple days between 17-19 (bullish) then push past 20s to 30s
3. (red line) we reject 20.38 and fall to 12-14 dollar range... or we have a fake breakout and then reject hard falling to 12-14 dollar range
$NCHL Norwegian Cruise Line Targets
Breaking into low volume resistance, with the 2013 IPO level as a likely barrier short term
Next major resistance is 100 day MA at approx $27.00
Strong RSI
MACD and Histogram bullish
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NCLH 2020-June-05NCLH was ravaged as with all cruising companies, however their cash holdings provide plenty of support to be able to weather this period of uncertainty. The chart is showing a really nice recovery with the rising channel holding firm. Nice 10% jump day-on-day.
MACD Weekly Cross on NCLHYou can pick up cheap July $20 Calls here as Norwegian tests a breakout to over $20.
Chart says major headwinds but we have not tested resistance with a stong MACD on the week.
I say its worth a gamble to nibble on some calls for a trade. I woudn't load the boat a ton here though - stay well within your risk tolerance. Also I would keep a tight stop loss.
Cheers.
IS IT GOING HIGHER BEFORE GOING DOWN?As you can see on 4hr chart the RSI is loosing steam while price is going higher, it is a sign of price reversal.
Norwegian Cruise Line Technical Analysis - NCLHTechnical Analysis - It seems that prices are moving inside the channel and they are in a retracement stage (go short for a short term investment).
Long term - Just hold. It is still too early to go long.
Fundamental Analysis:
What Norwegian Cruise Line has done to adapt to unforeseen circumstances in only 10 weeks is impressive. Costs have been cut dramatically, an entire fleet of ships idled, customers appeased with refunds or 125% credits toward new trips, and liquidity bolstered to survive 18 months without revenue. Disciplined management has increased the chances for a successful recovery and future success.
Although the pieces are in place for a comeback, I think there are still too many variables and headwinds at this point. COVID-19 and the regulatory response will dictate when the cruise lines can resume operations. Now isn't the time for investors to buy Norwegian stock. If management continues to steer the company skillfully, the right time to invest will come along later.
NCLH cool down coming upIMO tomorrow is going to have a tremendous pull down. Who knows if the pull will continue through the day, but at the open tomorrow.. ohh boy. I got out today at 17.04 (see my previous NCLH post)
My best guess at where the downtrend reversal begins is below the current pivot and above the 20MA.
If the 20MA is not resistance to the fall over the next several days then it may retrace back down to the lower uptrend support. All of that will be determined near the middle of next week.
The pig we fed is currently at the slaughter house, but a new ones getting ready to be plumped up.
GL make some money.
