CVC1 trade ideas
CCL - Carnival Cruise LinesKeeping an eye on $CCL.
We just got a break under the uptrend channel we have had in place since October 2020. Bulls would now be looking for support around the 200MA and maybe we see a bearish trap on this one. If support doesn't hold, things can get ugly and reach around $19 range.
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$CCL set for sail, tourism opening back up!The 25ish level is an area of support for $CCL, as indicated by the green arrows on my chart. I'm expecting a retest of this area and a bounce off of it. I will be buying shares in this area. It will mark about a 20% pullback. It is oversold on the RSI. My price target for $CCL is $29.50.
Carnival: Expecting Downward Pressure on Shares IssueCarnival is moving siways in a stretched rectangle and volatility (Bollinger Bands Width). Stock could break the pattern down as company said it may sell as much as $500 million of shares. But the shares issue take just 1.7% of a company market cap and fresh capital could be positive, so the breakout could be in both direction.
Long in the long termCCL is definitely recovering as you can tell by the highlighted bull trend. The last bar is a weak bear bar which may be signaling selling exhaustion as well as it being so close in proximity to the lower line of the trend. I'm expecting 2 levels to be challenged the 20 EMA and the $25.28 level. If you want to short you'll have to be quick about it because there's a high chance of CCL resuming into the bull trend. My entry would be 30$ if it turns on the trend line if not definitely $26 if there is bullish bar formation at the $25.28 level.
WATCHING $CCL for ENTRY TARGET @27.64- It's at the buy level nowWATCHING $CCL for ENTRY TARGET @ 27.64
I’m practicing to nail my entries even better… if target hits I will take a position.
So I've been a little sloppy lately... This one was already at my buy level and I didn't buy but with this many positions sometimes I get behind. I do think this is at a buy level now... maybe I'll get in tomorrow.
How much money do you need to buy a cruise ship??
$CCL Carnival - Bullish Unusual Options Activity$CCL Carnival - At trendline support, bounce possible near term.
Bullish Unusual Options Activity
$4.7M of November ITM $25.00 calls bought today (32x open interest)
Upcoming: Earnings next week and cruises resuming early July.
Near term target: $37-$39 range by August
Note: This is NOT investment advice. Educational only.
CCL Moving up finally?After every earnings report in the past there has been a reversal in price. If we don't see a significant increase in volume I don't expect us to go above $31.5. RSI is right. Trend line location is right. I think we are good to go on this one. I'm loading up! What do you think?
Carnival is GOING to BLEED HEAVYAnybody contemplating to buy this company need to get there eyes checked because when earnings get announced tomorrow there body and soul will lift up and become one with black matter
all jokes aside I'm dead ass. I bought 11 options at 0.9 cents for $99 total at a strike of$26.00 with an expired date of 6/25 this company is under serious water these MOFO are more Negative then
the entire thread of r/wallstreetbets LOL IF you sided long your going to NEED A MIRACLE TO HAPPEN to save YOU'RE ASS
(Take into account I'm not your Financial advisor BUT YOUR GOING TO NEED ONE AFTER EARNINGS you assume all risk)
CCL - SHORTLooking to short CCL is price fails to go lower and gets rejected at the short term trend line, if price does fail, we should see a move down to atleast 29.00(.5fib) - 28.50(.618) retracement fibs. If it continues higher, this could be a finished correction move and we will go higher. Waiting for more confirmation, will you keep you updated if I enter.
Watch out! Iceberg ahead!As we trade at the top of this wedge, volume has been on a decline. Also, bearish divergence on the weekly TF -- not great! And, it would only make sense for us to go down for the E wave before breaking out. This is strictly a technical analysis, so yes, Carnival could definitely pump if they come out with some great news -- doubtful though as cruises keep getting cancelled and delayed.
I am personally picking up $30 puts with a 8/20 expiration. I am certainly not betting heavy on this move as I rarely have luck with puts. (This is not financial advice)