CVC1 trade ideas
bull or bear same direction I have laid out two different scenarios that can play out. So just a little update. If you are a bull then that golden support is your last hope for an immediate pump. If you are a bear then it just might take some time to build support and it will follow a slower growth cycle. And if it doesn't hold up well i guess GG $7 here we go. Im trying to look at this realistically, the media seems to be in control when all the volatile moves are made. do not let that control your trades. There was good news that CCL will start having limited occupancy the same news that pumped it to $24 is the same news that is pumping it now. This is done this way so that people are distracted in questioning who actually pumped it and shift the blame on external factors... We should know by now that this is not the case. Do not confuse technical with Fundamentals, and always have a good risk to reward management so that you make good swing decisions.... Other than that thats it.
happy trading
THIS IS IT!!! IF THIS IS BROKEN CCL IS FINISHEDso i was looking at what could potentially happen the red box is a liquidity point and if that is broken i think all hell breaks lose and this stock will be shorted to the dephts of $7 scary stuff for me. However i will buy more shares if this does happen. Never be scared. Remember to not over leverage your position and always have good risk management. We might also just fill a gap, and pump upwards. or we might be in the process of building support at these levels again.
30c CCL 08/21/20 or 32.5c CCL 09/21/20Macro Formation: Bear Flag.
May 15: Micro Formation
Bullish Pennant. Exploded to $25 after breakout. Reached target at June 12. (1 month's time)
June 30: Micro Formation
Falling Wedge. Estimate Explosion to $30. Estimate reach target at August 4. (1 month's time)
Healthy Indicators: Daily MACD, Weekly MACD, and Monthly MACD (beautiful)
CCL approaching supportIt seems that CCL is now hitting support based on previous patterns. I project it will start to increase from here until approaching resistance in at least the low 20s for now. News on new coronavirus cases may affect this, however, based on the regression here I imagine it is on a slowly increasing trend. On the chart is the Hull Suite strategy.
CCL (Carnival Cruise Lines) Now, I know a ton of People that bought into CCL becasue of the "Bargin Deal". But lets not forget that cruise lines were one of the main vectors for SARS2 into the states. if you read the 1st 10Q for CCL they tell you that their reputation might not recover because their ships name associated with SARS2-COV19 and that they may not recover from that. Its under the risk factors section of their 10Q and i think their 10K aswell. Here we have a bearish flag pattern and if PA breaks the channel and failes the restest i am afraid alot of people are going to be out of pocket alot of money. I dont do much stock trading as its too expensive with the Commissions, slippage, broker fees and everything else. but i do like speculating. Lets hope im wrong and everyone makes money and CCL makes rebound because i like cruising!