Carnival Corporation Sailing South. CCLThis one is posed for more drops now or soon. It's a zigzag again and indicators support the view for further drops. More goals could be drawn in, but its more prudent to limit yourself with three or four on a regular basis.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
CVC1 trade ideas
Carnival starting Elliot Wave 3 + bouncing off key Fib levelToday's close green indicates to me that we're starting a strong Elliot wave 3. Current price is still well below June lows, so I think there is potential for some significant upside. I'd say at least $28-$29 in the near term. I would expect a wave 5 to surpass the June highs of ~$31.5.
The bottom of the wave 2 also bounced off key .68 Fibonacci retracement levels, just further reinforcing my belief that this is going upwards in the near future. Volume has also been phenomenal and very bullish the last few weeks.
This is all for my own edification and I'd welcome thoughts or comments. Not financial advice.
Carnival Is Fighting HigherReopening stocks like cruise lines have fought higher in the last month. Now Carnival has pulled back, giving a potential opportunity for buyers to get on board.
The main pattern on this chart is the series of higher lows since mid-July, followed by a breakout above $24.50 last week. The level is near the high in December and the low in March and May. It may now be turning back into support.
Next, the 50-day simple moving average (SMA) is rising again. Notice how CCL advanced the last time this line turned positive in November. (This chart includes TradeStation's Moving Average Speed custom script.)
Third you have the tight volatility squeeze before the breakout last week, with Bollinger Band Width falling to its lowest reading since late 2019.
Finally, today’s low almost exactly matches the 200-day simple moving average. Getting back above that line may suggest the longer-term trend is bullish.
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Carnival Analysis 27.09.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next days/weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I would also appreciate, if you would smash that like button and help me to create more free analysis like that.
Thank you for watching and I will see you tomorrow!
CclCcl finally hit my target. It was a choppy ride. This is where it gets interesting. Seems to be a clear wedge. We had a falling wedge breakout but still within the rising wedge. The target if we broke down is the start of the rising wedge however if we can control the 23.50 range as support even falling from the wedge we could setup for a bigger push up. If we do lose that level however things could be getting juicy and we could see another 19$ range
25.40 is the upper reistance. We can still control this rising wedge and move
Up to my next resiatnce 26.79$ but unltimatly if we lose 23.50 this could confirm a breakdown
$CCL WeekliesI typically don't trade weeklies but saw UOA for CCL and I like the ascending channel it's forming. Also looking flaggy with January AVWAP at $24.94 . MACD giving confluence as well.
Looking for a move near top of channel in next day or two.
Tight stops due to the decay ; 24 and 25 strike , small size. A couple 9/10 contracts as well (most likely will be the better idea if you can afford time)
Tough week ahead for cruise ships!Notice: these charts belong to 3 different companies..!
Another example to challenge The Random Walk Theory..!
I am curious to know what would Malkiel do if he had access to Tadingview in 1973 ???
More than two dozen cases of Covid-19 have been detected among crew and passengers aboard a Carnival cruise ship, according to the Belize Tourism Board.
One passenger and 26 crew members tested positive prior to calling on the port in Belize City, a news release from the tourism board said. All 27 infected individuals are vaccinated and most are asymptomatic, according to the release.
Reference:
www.cnn.com
Added to $CCL Target 28.44 for 20% $CCL Target 28.44 for 20%
Or next add at 19.19
Added here today in premarket
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.