CCL trade ideas
Second Bear FlagHey guys,
The markets are beginning to trend down again. CCL is going to get dragged down with it, but I believe even more so with the negative news about the cruise line industry. I believe we will retest the $8's pretty soon, and if we break through that support.. the next time stop is around $6. We just broke out of a bear flag to the downside. Happy trading guys!
3-5 times chance, with low risk?Welcome to my first IDEE ! We are currently on an upward trend, which is within 2 significant trend lines. Carnival has suffered a heavy loss as a result of the Corona crisis and has to suspend the voyages until further notice. The stock reacted with a slump of about 80% !!! However, Carnival benefits from the Saudis as new investors and the cheap oil price. Therefore, I think that there is some potential here and that the stock will double in the shortest possible time. Carnival itself assured that they would "survive" without income until the end of the year. What it looks like after that remains open. But who believes that the Corona crisis will paralyze the whole year? For this people, this stock is probably nothing!
If the upper trend line is broken, the cash registers ring!
Attention: This is just an idea as the further course of the stock could be ! I accept no liability! :-)
Long Carnival Cruise LinesSo this is another overly sold stock that cannot be burned . I have puts and longs. Of course the longs are bigger than the puts because i believe that in the longterm this will go back up. Good risk management ensures that you never lose. The only way i lose on this stock is if it goes sideways for 6 months. Otherwise id say this is a safe bet. My hope is that this can break out to the next fib level, at which i will take profits and fine tune the charts.