CCL1/N trade ideas
I just noticed that CCL may be going in for a Double Topoooh that would be brutal....pass the popcorn...
Ensure to follow
CCL will drop with the stock marketswait for the second show to fall on these stocks... we saw the first show fall few weeks ago...
MAKE SURE TO FOLLOW
CCL Channel Break Out.CCL broke out of a 3 Week consolidation period today with volume confirmation. It's above the daily EMA20. Next targets are 14.89 and 16.81, respectively. I'm still skeptical (neutral), given the fact that this is earnings week for several major companies. CCL may be trying to hitch a ride on the bull-run. However, RCL and NCLH are both up as well, and reports indicate that CCL can weather COVID-19 impact until 2021. I'll reassess this stock at the end of the week, after earnings.
Chart is 30m.
Baught at 12, now at 14.Mid to long teaem trade.
Dont think they can return to there old dividend but they will have a good bounce back.
5% in.
Big Monday for CCL So I've been watching CCL for a minute
As we know the cruise industry is in a little bit of a panic but CCL has been able to stay afloat
So I have my support resistance lines as follow
14.64 Resistance
13.66
12.27
11.91
11.51
10.98
10.59
7.88 Lowest support
Now I'm still learning how to use EMA, MACD, and Fibonacci retracement, but I do understand that with a Symmetrical Wedge pattern it gets to a certain pressure point and from there it can go either way.
If you have any indicators that could of help with pinpointing which way CCL is going to go I'm all ears, but as of now even though the market has been choppy and crazy I'm basing it off the news and the rest of the cruise industry we are going for a bearish downtrend when we break this wedge.
- Lu
Carnival is not yet ready to Party! Need Volume ConfirmationAnalysis:
1/ Price retraced above 50% - It's unlikely to create new low
2/ Consolidating to build strength to take our $13 resistance
3/ Overbought in the last 20+days - likely for price to go down to do a fakeout
4/ Boom!!! The party happens after fakeout - expect at $10 range
Confirmations for a big run:
1/ Already oversold for the price to go down for a fakeout - Timer set to alert me to start entering trade.
2/ Waiting for volume to cross above my timer for change in trend
3/ If/when price breaks $13 resistance, I'll add more.
Nevermind the oscillators, this is a buy & holdCarnival corp may never be this cheap again. Just saying.
This is the oldest trend-line there is.
What do they do? The big cruise liners baby. I'm talking Queen Mary II, Sapphire Princess etc.
CCL going to $2i dont think any one is ready for this outcome...
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CCLCCL to go lower. A/D line showing distribution on a falling A/D line. Also broke wedge and under 20 day SMA.
Once CCL breaks 7.80 its going to 4 or lower time will tell... i am forecasting a half way pattern
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