CCL
Carnival cruise WYCKOFFBeautiful Range Creation here. 1 Hour chart is starting to unravel. Bias is bearish in this instance since there are subtle signs of weakness throughout the schematic. There is more than one UT as well, signifying a confirmation of weakness or prolonged uncertainty within the range. therefore, It is evident that Earnings may have a high significance towards traders, institutional sentiment.
CCL ready to breakCarnival Corporation
Short Term
We look to Buy a break of 11.11 (stop at 10.17)
A break of yesterdays high would confirm bullish momentum. Posted a Double Bottom formation. The measured move target is 14.11. Further downside is expected and we prefer to set shorts in early trade.
Our profit targets will be 14.11 and 16.04
Resistance: 11.00 / 14.17 / 17.20
Support: 9.50 / 8.50 / 6.00
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Carnoval Corporation counting its pennies. CCLGoals 0.56, 0.49. Invalidation at 0.89.
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.
Bullish Carnival Cruise Swing TradeIt looks like the MACD just turned green and broke a previous resistance line on the daily chart. We could possibly see a future pump as long and the price holds above previous resistance line.
If your placeing long positions. Here are prices you may want to consider taking profits.
1st TP is at $13
2nd TP is at $16
CCL - BUY OPPORTUNITYCarnival Corp is expected to report a smaller quarterly loss and a spike in revenue when it announces second-quarter results today before the opening of the market.
The price has reached a strong support zone, giving us a good short-term buy opportunity and an acceptable risk-reward ratio.
The next stop will be the resistance located around $ 15
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Carnival +30%Carnival's first quarter fiscal 2022 earnings report contained solid financials. By summer, the company expects to reach a positive EBITDA, and revenue has reached the highest level since the spring of 2020. At the same time, sales per passenger cruise day (PCD) grew by more than 7%, and 75% of the ships are afloat
Meanwhile, revenue growth has offset rising spending and inflation, Carnival's bonds are at "junk bond" levels as Carnival reported $34.9 billion in long-term debt and short-term borrowing, and with the Fed rate hike, % on Bonds after reissuance will be high and the company's costs will increase very significantly. In the long run, I would not consider these stocks.
Buy
10.50
11.00
Sale
13.80
14.50
CCL Double BottomConsistent rejections can be seen along the 2.618 circle line (red hammers)
Drawing the major trend line we can see bottom formations continually forming a long here
Right now the bottom formation present is more reliable than ever due to its placement in relation to 1.618 fib
A double bottom will form on this Weekly chart and reject upwards
CCL reaccumulationphase A stopped the trend, now we are currently in phase B until there is significant demand/supply to bring us out of the zone. A break above the red line would signify a minor sign of strength. this hints that the upside potential is very possible. With a gap to fill short term, i believe we will retest one of the green boxes. Another sign we are going up is that even with a lot of selling pressure, we did not come close to retesting the bottom of the range.
Carnival Corp (NYSE: $CCL): Load The Boat! 🚢Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names. The company also provides port destinations and other services, as well as owns and owns and operates hotels, lodges, glass-domed railcars, and motor coaches. It sells its cruises primarily through travel agents, tour operators, vacation planners, and websites. The company operates in the United States, Canada, Continental Europe, the United Kingdom, Australia, New Zealand, Asia, and internationally. It operates 87 ships with 223,000 lower berths. Carnival Corporation & plc was founded in 1972 and is headquartered in Miami, Florida.
Reaccumulation SchematicWyckoff schematics come in many different forms but originate from a basis of 3 other schematics: distribution, accumulation, and reaccumulation. Reaccumulation patterns consist of many creeks and channels. As you may see here, the minor creek has been broken with a lot of volume. Then, after a big jump--wide spread and high volume-- we saw another break of the major creek creating a major sign of strength. This momentum was enough to confirm a breakout and create an LPS to add to a profitable position. The LPS is shown here in the circle. It is hard to see on a 15 min time frame, but it does exist there for a perfect low risk entry.
Short CCL on the retest of broken DZ. carry the loss- Lesson leaWHY I TOOK THE TRADE
- heavy supply into a DZ from the (M)
- the long-term chart (W) in downtrend
ODD ENHANCERS
- news of new Corona strain puts negative pressure on stock's sector
CONFIRMATION
-price broke & CLS below DZ. invalidating the demand zone (DZ)
WHY I COVR PSTN
- my STP loss was triggered.
WHAT I LEARNED
- my ENTR to SHRT was too late. i chased the retest through DZ to enter
a better SHRT PSTN would be to wait for the retest to test a LH of daily downtrend. it would of reduced my risk
Lesson Learned - dont chase the stock. if the opportunity has passed. let it go
Carnival. Another delay in recovery.Carnival Corporation is the world's largest travel company, founded in 1972. Today it is the leading cruise operator serving nearly half of the world's cruise travel market. Has a global presence in North America, Australia, Europe and Asia. It operates a fleet of more than 100 ships and owns a portfolio of leading global, regional and national brands of economy and premium cruise lines such as Princess Cruises, Holland America Line, AIDA and others. Carnival Cruise Line, the most popular global brand, carries more than 5 million guests every year. In addition to cruise operations, the company owns Alaska's leading tour company - Holland America Princess Alaska Tours.
➡️ The cruise industry is still unprofitable in the context of the Covid-19, as the tourist flow does not have time to recover due to regular new pandemic waves. And now the positive expectations for next year are beginning to fade - the company faced a large number of cancellations for flights in the coming months, which is caused by a lot of positive pre-cruise tests. Demand for flights in the second half of 2022 is also below expectations at the moment.
➡️ On the chart, you can see that the growth after the spring collapse of 2020 developed in zigzags. Structurally, the movement is similar to the leading diagonal, which may indicate that the low set in early April 2020 is the starting point for a new strong trend.
In the decline from $31 that began in June 2021, I highlight the emerging single zigzag with a potential diagonal in wave {c}of2. The movement develops within the channel formed by the Schiff’s Pitchfork, the borders and the middle line of which are confirmed by the price reaction.
It is logical to expect the end of the correction in the range of $13 - $17 , because that’s where the main volumetric zone of all previous growth is located.
📌 Alternatively, we can assume that correction 2 ended at the end of 2021 at the level of $16.5 , and now we are seeing some starting waves within wave 3 already. in my opinion, it is more doubtful structurally (wave {a} then should be a zigzag, which it does not look like) and is not at all supported by the fundamental that I cited at the beginning.
📉 I assume that the fall may stop at $13-13.5 , where the lower boundary of the pitchfork and the Fibonacci correction level of 0.618 also pass.
➖ Cancellation of the scenario when the price rises above $23.3 .
CCL LONGJust some basic technical analysis with the VIX chart at the top of the screen. As you may see, we are seeing a "double Bottom" which is a very bullish chart pattern. In conjunction with the VIX chart and the slowly decreasing Volume, it may be possible to see a reversal here on the next trading day. When we see more market participants buying then it would be safe to assume that there may be a possibility of market reversal.