Tough week ahead for cruise ships!Notice: these charts belong to 3 different companies..!
Another example to challenge The Random Walk Theory..!
I am curious to know what would Malkiel do if he had access to Tadingview in 1973 ???
More than two dozen cases of Covid-19 have been detected among crew and passengers aboard a Carnival cruise ship, according to the Belize Tourism Board.
One passenger and 26 crew members tested positive prior to calling on the port in Belize City, a news release from the tourism board said. All 27 infected individuals are vaccinated and most are asymptomatic, according to the release.
Reference:
www.cnn.com
CCL
NCLH EASY SWING!! EASY MONEY BABY -Friday closed with a high buying pressure candle
-Catalyst are in favor of cruise lines rn
-We had just broke above the 9-day ema and we are looking to break even higher above the 26-day and then the cloud.
-contract supercheap
-analyze price action when we open on monday and that should dictate your entry
Added to $CCL Target 28.44 for 20% $CCL Target 28.44 for 20%
Or next add at 19.19
Added here today in premarket
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
Where Carnival Cruise Line stands with the Delta VariantWith the increase in cases for the delta variant to coronavirus, the question remains: will certain industries suffer again and will their stocks fall?
In the case of Carnival Cruise Lines (one of the larger cruise lines by market cap) my prediction, short and sweet is yes, yes their stock seems poised to fall.
Looking at the 5 year chart for $CCL NYSE:CCL and zooming out we can see that in the last 15 months, the trend for the stock price has begun to form a channel up pattern, which generally has a bearish breakdown once it moves past the supporting price (bottom line). What is an event that could be enough to have $CCL break the support on this channel up? The fear mongering, uncertainty and future mandates that may arise with the delta variant
Is this the time to buy the dip?
For investors that are bullish for future cruise lines rebounding, your dip buying entry is close, but we are not there yet in the case of $CCL. While the candles have moved below the 20, 50, 100 and even 200 EMA (generally a good time to buy a dip), the MACD indicator at the bottom is still right around the y axis (yellow square). In my opinion, the best time to enter for a long term hold in this scenario would be if the candlesticks above fell through the support and broke down, and the MACD indicator in the yellow square fell far below the y axis of the MACD histogram.
Carnival Corporation and plc (CCL) for long termSignals
Position: long Entry price: 18.5
Target price: 28 Stop loss: 19
Indicators
RSI is very low under 25, better to wait till the price reaches the support line around 18.
Bullinger Bands and William Alligator are really opened, indicating a strong trend. So the price will probably reach the support.
ADX is really strong, indicating a strong momentum. It means that the price will lower again. Same clues from the MACD .
Conclusions
Carnival is expecting to have 42 ships back to service by the end of November, embracing a phase of operations restart. After the drop caused by the Covid-19, the company is sailing again in several destinations including the Caribbean, the Mediterranean and Northern Europe.
As the vaccine campaign goes on, older people ( the major costumers of the cruise industry) will be fully protected and will buy tickets.
In the long term the price can reach $40 but if you want to be more conservative set the target price around 28/30.
CCL Big Picture (BIG Picture) LevelsSo I did a bigger picture and yes normally our focus is on penny stocks. But that also involves looking at broader trends. So, travel and leisure penny stocks, for instance. Sub $5 stocks like TRVG LTRPA and AHT are all at "risk" of pressure from negative sentiment in larger market trends. CCL has been somewhat a bellwether for certain travel & leisure penny stocks and right now appears to have its trend echoed with stocks like the ones mentioned here.
I took the Fib retracement out to feb 2018 when CCL reached its 3-year high and used last year's low as the anchor. What was interesting was how CCL traded around the 786 level. Coincidentally, it has been an interesting area for the stock and wouldn't you know it, though it broke below its 200DMA, it's back to testing the 786 fib line. With Biden commenting on the state of the economy next week, all technical levels could be important to monitor. In this case, the 786 fib seems to be a good one to pay attention to right now.
CCL - Long for $39Green area is the buy zone and next move up should take this to the top of the monthly channel of $39ish. Follow the curve pattern and only buy in the green box levels. Does have parabolic steps on the monthly so longer dated calls or shares is the way to go as this will take time to develop.
CCL - Carnival Cruise LinesKeeping an eye on $CCL.
We just got a break under the uptrend channel we have had in place since October 2020. Bulls would now be looking for support around the 200MA and maybe we see a bearish trap on this one. If support doesn't hold, things can get ugly and reach around $19 range.
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$CCL Carnival - Bullish Unusual Options Activity$CCL Carnival - At trendline support, bounce possible near term.
Bullish Unusual Options Activity
$4.7M of November ITM $25.00 calls bought today (32x open interest)
Upcoming: Earnings next week and cruises resuming early July.
Near term target: $37-$39 range by August
Note: This is NOT investment advice. Educational only.
CCL - SHORTLooking to short CCL is price fails to go lower and gets rejected at the short term trend line, if price does fail, we should see a move down to atleast 29.00(.5fib) - 28.50(.618) retracement fibs. If it continues higher, this could be a finished correction move and we will go higher. Waiting for more confirmation, will you keep you updated if I enter.
Watch out! Iceberg ahead!As we trade at the top of this wedge, volume has been on a decline. Also, bearish divergence on the weekly TF -- not great! And, it would only make sense for us to go down for the E wave before breaking out. This is strictly a technical analysis, so yes, Carnival could definitely pump if they come out with some great news -- doubtful though as cruises keep getting cancelled and delayed.
I am personally picking up $30 puts with a 8/20 expiration. I am certainly not betting heavy on this move as I rarely have luck with puts. (This is not financial advice)
CCL lets take a Cruise...Key Code with Past Trend Prediction PTPPack your bags, get your shots record handy, and find your fav. vacation honey to come with.... if you have to bring the kids, they got a cruise ship just for that too.....
I used the key code on this and this is what I found....
Now that we have this new toy to play with its time to combine it with some of my other fav....lets get saucy!
by iCantw84it
06.03.2021
Carnival Cruise - CCL - Pushing into the clouds at $32! PatienceCarnival Cruise - CCL - Pushing into the clouds at $32! Patience Pays! AMC went 100% in a day. CCL could go 100% over time, 100% is 100%. CCL from $8 to $64 would be an 8X! Play long term options with patience could have done even better?
Algo Key Code with PTP on: RIO - CCIV -TME - DISCA - CCLSince there was such an overwhelming interest in weird things I find in gauging the market....I made this video that breaks down 4 stocks that I used Past Trend prediction on and paired it with Key Code to show confluence on these stocks going Up. Keep in mind these are 2 different paths from 2 different time periods and completely different moves altogether. If that doesn't speak to you I don't know why you are watching this.
I am iCantw84it, 1 of 33 people in the world with Acquired Savant Syndrome. You can google me: Scott Mele WECT to see a video about me. I paint amongst other things like trading. All things I couldn't do before my wreck.
If you like this video and want to see more like this pls like, follow, share, and comment below. As thats the only way I can tell if you want to see more of these.
Thank you,
iCantw84it
06.03.2021