CVC1 trade ideas
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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CCL - The Fun Ship Is Finally Ready to Break Free and PartyFull disclosure. My first post. I hope I do a good service with this analysis.
My Analysis:
In short, CCL retraced a hair above 50% of its previous high. History says it's not going to create a new low. So I'm bullish with the consolidation I highlighted, its building strength for a big bull run up to $18.
I set FIB to whole numbers -- $19 (high) /$8 (low) because computer algorithm is programmed to hit those numbers.
What do you think?
Feel Free to leave a comment.
CCL stuck in neutral pattern. CCL has been in neutral pattern since 07 April as price consolidates (red channel) at the 38% Fib ratio ($12.30) from the previous downtrend. Typically, a retrace to the 38% level indicates a strong trend, which in this case suggests CCL is still bearish. It's anyone's guess how long this consolidation period will last, and whether the breakout will be bullish or bearish but consider the following factors:
Price target recently downgraded to $13 (1)
CCL has enough cash/credit to stay afloat (pun) for at least 1 year, avoiding bankruptcy (2)
My personal sentiment is that stock will fall to $4 - $6. I just can't predict when this will happen.
Source:
(1) www.benzinga.com
(2) seekingalpha.com
CCL to drop 85% from current levels i am seeing the half way pattern.... its gonna be swift...
Will this go bankrupt?
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Carnival Cruises- CCLHi
Currently there is an opportunity developing with CCL. The price looks like it wants to break out and I will be considering adding to my longs. Or it could be a fake out where I would take a short. Monitor this zone carefully when the market opens on Monday.
I will keep you updated as this chart develops
Alex
Long CCL 4HThe Cruise ship Industry has surely taken a huge knock due to the corona virus, but this open up great investment opportunity's.
CCL has lost roughly 80% of its value since the start of lockdown periods. This is due to overload of pessimism.
A great double bottom setup is given at $7,84.
Target 1 : Break of Neckline
Target 2 : Support turns into resistance
Target 3 : Support turns into resistance
This is a long term investment opportunity .
CCL forming descending triangle. Signals continuation of declineThe horizontal support and decreasing peaks show the reducing support for CCL.
This indicates that the previous downtrend will continue. Media and public negativity of cruise lines, in addition to the recent CDC cruise ban may accentuate this pattern.
Recommendation: Short to ~8.50
CCL BEARISH Bubbles are waiting to be filled. Based on the news it's initial NO sail order. I know how important cruise ship daily operations are for their revenue.
1st support at $12.10 areas and 2nd support at $11.09 areas, once it has broken potentially will fill the box (shown on chart)
Long Carnival Hi Friends,
Here we see that maybe we have a positive divergence, so a good idea would be above 8,30 long position with target of 19$
Thanks
This is not an investment advice.I do not hold any positions in that instrument.
