0EV1 trade ideas
CCL SnapbackCCL has recently tried to retest its lows, but reversed showing a higher low. This looks like the beginning of a correction Elliot wave pattern. It looks like we are beginning the final leg of the correction pattern. IF we break the $18 range, then we can see upside to $24
Stay AwayEconomic Depression = less money = less vacation
Pandemic = More restrictions on entry into different countries = less traveling
Cruise ship companies get no bailout unless they register their companies in the US. The cruise ship companies are not registered in the US due to tax reason.
CCL Round DownCCL had a strong run up in the past 5 days, gaining 100%. It has now ran into its closest moving average and couldn't break it, and showing a strong down day. This is a signal we're heading back to the lows and may retest them.
$CCL Bounces With a Full Crew of Shorts on BoardCCL conjures up two key levels as we look at this bounce: if gets through $20, watch out for $30. The short interest here has to be quite crowded. But that's the case for a reason.
Forming a nice bear flagHi guys,
I have been following CCL closely. I purchased some at 9.15, and some at 10.15, and sold around $14. They were some nice gains, however I don't like several upcoming events which will more than likely cause markets to plummet again. I believe this bounce is similar to the first big drop in 2008. We popped up, then went back down even harder. At least in the near future. So for now, I am looking for a short position on CCL, waiting for it to break down out of the flag. I would keep very tight stops in these treacherous waters. Happy trading! May your losses be tiny and your winners be large.
- Matt
Carnival has submerged and hit BOTTOM?! - Buying CallsDocumenting what I suspect is support for the legendary cruise line Carnival. All cruise lines have been dropping fast.
I noticed that overall the #ES is showing signs of slowing and I am anticipating a lot of buying volume as the news of Corona Virus is getting older.
I have a March 20 $20 Call for $.30 bought.
Also, buying April 17 $30 Call for $.25.
I will cut losses quick if price breaks current lows.
Going down another 40% from here IMOGoing to test the long term trend. Could reach $10 or below before major bounce.
CARNIVAL CORP (CCL) DailyDates in the future with the highest probability for price direction reversals
CARNIVAL CORP (CCL) WeeklyDates in the future with the highest probability for price direction reversals
CARNIVAL CORP (CCL) MonthlyDates in the future with the highest probability for price direction reversals
FIRST DIP INTO TOP 3 LINERS Took my first dip into the Cruise companies sticking with the top players and the one that just secured liquidity facilities yesterday , also expect the US government support for these too
Any positive news can double your investment in no time , otherwise good LT holdings if don't go into bankruptcy of Course lolll
Took equal weight each , will add if situation improve, this is a first dip so go nimble if you play that game like me
CCL
RCL
NCHL
OPENING: CCL APRIL 17TH 30 SHORT PUT... for a 2.43 credit.
Notes: High rank/implied at 99/80. With a current yield of 5.30%, I'm fine with taking on stock here with a cost basis of 27.57 if that ends up happening.
CCLI drew up this chart last month and wrote that $22 CCL would be a buy in 2021. Well looks like $22 came 1 month later and really not feeling to confident in buying here looks like big problems might be ahead. Conversely if CCL does bounce here then I would assume that the market thinks Coronavirus is finally getting under control
Carnival support zoneWeekly RSI oversold like 2008 level, Monthly RSI is not quite equal to 2009 levels. Support levels shown. Which support level is most likely to be the one?
Carnival Cruises Tech AnalysisI am seeing potential upside for Carnival Cruises. Entry in the low 20's would be a better choice than current price levels. I've intermixed fib.retracement with resistance levels to highlight key prices that will likely see large volume trading. I have also outlined retracement levels to levels before the COVID-19 Coronavirus scares. I recommend entering around 21/22 to limit your downside potential. That being said however, entering around current levels could be lucrative . From current levels market volitility, and short interest , I can see CCL hitting 32.85 in 1 - 2 months and $42.5 by the end of the summer
Cheerio,
Alex Lorenzo
