CVC1 trade ideas
CCL breaking downtrendFor whatever ridiculous reason, CCL along with other Cruise line stocks are moving up. Seems counter intuitive but that's Wall Street for you. Funnel money out of growth and into debt heavy companies with operation restrictions. Oh well, I trade trends so I'll run with it. Looking for $25+ by Wednesday. 1/21 $24 Calls. If there is a long upper wick on the daily candle at resistance I'll be buying puts.
CCLa run to the upside , i sent this here January second of 2021 @ 13 price level, through 2021 price formed a leading diagonal . price hit 28 level , and dropped back to 17 now due to correction , end point of this stock is 78 price level. you can join for the wave 3 now , since wave 1 is leading diagonal , we have a correction of wave 2 now . wave 3 we go 2022
$CCL - potential descending wedge breakout CCL is currently in descending wedge and heading towards upper trend line. If the price can break out of the wedge above $24, could propel the stock towards maximum break out target area of $32.
There is a risk that the price could be rejected from the upper trend line and retest $19 area.
Target 1 - $22
Target 2 - $25
Target 3 - $32
Risk - Failure to break above $23 and retest $19 area.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
My Tenbagger pick for 2022 - Carnival CorporationDear traders,
Today I would like to introduce you to my top pick for 2022: The Carnival Corporation, or also known as Aida.
This stock looks great in terms of both charts and fundamentals. I think we have a potential tenbagger here for the next 1-2 years, which is at the beginning of a strong impulse upwards.
As you can see, we have completed wave 1 and possibly wave 2 as well. Wave 1 has the shape of a diagonal and wave 2 the simple shape of a zig-zag that reacted to the 61.8% Fibonacci retracement with enormous purchases. From a fundamental point of view, it is a cruise giant with a monopoly position. But what is interesting for me is the current inflation. Inflation does not seem to have arrived in the travel sector due to persistent restrictions on international travel in the travel sector. I think that if we move towards endemic we will get a huge boost in demand in the travel sector, which of course will also boost prices and the Carnival Corporation could benefit enormously from it.
I have set possible price targets for a wave 3 extension based on Fibonacci ratios. The maximum price target would be $ 155.97 which would mark a new all time high. I think this is perfectly realistic.
This is not investment advice, just my own opinion.
RT
Carnival earnings tomorrow pre-marketCarnival Cruise Lines (CCL) earnings are tomorrow 12/20 pre-market. It's possible they can have a Q4 earnings beat, but then disappoint on future guidance because the market sentiment is dicey with the Omicron hoopla. So it seems prudent to wait for more information. Albeit, the current setup seems to not offer much downside risk left. lol. CCL reported a Q3 August 2021 loss of $1.75 per share on revenue of $546million. The consensus estimate was a loss of $1.53 per share on revenue of $770.6 million.
Q4 November 2021 Consensus:
EPS = -$1.45
Revenue = $1.34B
52 week H = $31.52
52 week L = $16.32
Price levels 1 day chart:
SMA200 = $24.66
SMA150 = $23.80
SMA100 =$22.36
SMA50 =$22.36
breakout = $20.76
R3 = $20.21
R2 = $19.65
R1 = $19.09
pivot = $18.54
S1 = $17.98
S2 = $17.42
S3 = $16.89
breakdown = $16.30
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
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Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
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FOMO : bad timing
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Forgetting restraint
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Is this the beginning of the long waited move?Although "almost" every single sector moved ATH's, the travel stocks are still at their lows. I have been keeping eye on CCL AAL BA for their long waited move. Looking at the daily chart:
1. Made the first higher low
2. Stayed above the 0.236 Fib line
3. RSI 14 crossed RSI 50
Looking CCL to move to the 0.382 Fib line and hoping it will either:
1. Stay above
2. Make a higher high and create a bullish trend.
PS. This is not a financial advise nor I am a financial advisor.
CCL Point ComparisonUsing Fib circles we can see the comparison point (in green)
As this pattern is bullish in the long run, I have added a rough MA curve for what an increase in price would look like
And also a bars pattern along with this, which shows potential bullish movement
CCL is currently the worlds largest travel leisure company
CCL + 50-100% Many countries are restricting travel to South Africa and neighboring countries to contain the rapidly spreading novel coronavirus B.1.1.529, as scientists predict it will be more infectious and less effective vaccines.
Markets are not scared by politicians or analysts, but by the comments of the CEO of Moderna about the effectiveness of vaccines against the new variant - “all the scientists I spoke with ... think this will not be good. ... "
Stocks fell from $ 25 to $ 16 amid news of the new covid virus.
Meanwhile, order volumes are picking up steam, with 2022 shipments booked within historical ranges and at higher prices than in 2019. Fears about a possible prohibition of ships going to sea are premature and now is the time to buy.
Buy at two historical levels of $ 16 and 15 (see the right weekly chart), 50% and 100% move potential, 25 and 29 exits
Carnival Corp soon to celebrate new lows. CCL0.618 retrace on A and now back down again. Classic zigzag. And it just makes our job more easier in identifying the pattern and estimating accurately the possible endpoints to the motion of the final wave. These classic patterns are actually uncommon, but when they are spotted, are a godsend in making our job easier and goals more statistically probable.
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!