CCL
$CCL Breakout To Wave 5?Carnival Cruise Lines shares have completed wave four with a bounce off of an important trendline, the 50 day SMA, and a key structure level. The MACD has also crossed on this daily chart. Shares are now approaching resistance, which indicates that we may see a breakout to wave five very soon. Leave a like and comment your thoughts :) Good Luck!
Long Carnival CCLCarnival stock CCL is trading above its exponential moving averages after finding a support at $24.30.
CCL violated the downward trend line upwardly in an attempt from the bulls to take control over prices.
Sellers tested the violated trend line, then prices retread from it opening the door for targeting $29.90.
IDEA - NO POSITION $CCL Target 29.83 for 15.77% $CCL Target 29.83 for 15.77%
Or next add level is at 21.97
Right now I am not holding this... but I'm going to say short, since I am eyeballing the 21.97 level for entry... Anything can happen and its definitely possible to hit the target from here... Will update if I take a postion...
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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.
I start every position with 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.
CCL - SHORT - MY CASH FROGCCL - BEARISH
CCL is my beloved cash frog, and one of the only stocks that for the most part respects my strategy. Lets see what happens:
-REJECTION REJECTION: Failed to fill gap and move up. (When what should happen doesn't-DO THE OPPOSITE)
-Major Confluence: .5 retracment fib and TL are lining up at the 24-25.50 area, making it likely for a triangle break.
-NYA-NYSE Composite looking very weak.
-I've already entered this trade short, but for those who havn't yet, i wouldn't unless a confirmation of the triangle break around 26.25 set stop/loss tight at the high of the previous candle before the break-out candle and target 24.50.
CCL: Near a resistance! How to proceed?Hello traders and investors! Let’s see how CCL is doing today! It’s been a while since my last study on it, so let’s see if it behaved according to the technique.
First, since our last study, CCL hit our buy zone around the $ 24 two more times, and it did hit the $ 30 afterwards both times . If you missed my last CCL analysis, the link to it is below, as usual.
Now that CCL is near its resistance again, all we can assume is that it’ll do a pullback next , and that would be great, as it could offer another chance for those who missed the last buy points. So, no need to panic if it drops.
Since the beginning, this last bullish leg wasn’t convincing to me, as its volume was way too low. But we still have a V-shape pattern, and now that CCL reached the resistance at $ 30 again, it is doing a Shooting Star candlestick pattern, with high volume.
This indicates that we could see a pullback ahead, if it triggers this pattern, of course.
But again, a pullback would be an opportunity to buy, as CCL is clearly in a bull trend in the weekly chart too. The blue line at $ 25 is a nice point to keep our eyes open as well. And as we all know, we must buy when we are near support levels - not when we are near resistance levels, which is the perfect time to sell.
Last week’s volume was very low, even considering it was a shorter week than usual.
Let’s see how CCL will play next, and if you liked this idea, I invite you to follow me to keep in touch with my daily updates. And please, support this idea if you liked it!
Thank you very much!
CCL: Buy, sell, hold or wait? A Triple Time Frame Analysis.Hello traders and investors! For the first time, I’ll do a public analysis on CCL. This stock is starting to get very popular (the 8th most active stock in the US today), so, let’s talk about it, and do a complete Multi Time Frame Analysis (MTFA) by looking the hourly, daily and weekly charts, and in the end, we’ll see if CCL is a buy or not.
First, in the 1h chart we have a breakout from the previous resistance level at $ 28.19 (green line), and the trend is still clearly bullish. At any moment CCL did lower lows, although it did a quick congestion last week, with no new highs.
Maybe we had something like a Cup and Handle , and if that’s the case, more upside will come.
But now, the 21 ema is pointing back up, and it is defeating the previous resistance. Now, let’s see the daily chart:
The volume increased a lot during the last bullish leg, which is a true sign of buy force. We could see a pullback to the 21 ema or to the green line at $ 24.38 and this wouldn’t ruin the bull trend, and only then we could see an opportunity to buy.
What’s more, CCL did an Inverted Head and Shoulders chart pattern, which is interesting to notice. Now, let’s see the weekly chart:
The trend is very strong here, and the $ 25.01 could work as a support level in the weekly chart. If you are looking for swing or position trade, this is the point where you should buy.
But now it feels like it is a little late to buy. For instance, I gave a call to the members of our community in my weekly newsletter a buy call when it did the “ Gift ” pattern seen in the chart. That was a good point to buy. Now it is going up almost 40% since then, so keep in mind that if you want to buy it, you may buy from those who want to book their profits and re-buy near a support level.
Now it is not the time to buy, neither to short, but to manage positions, and if you are out, just wait for a better opportunity and never buy near top levels . So far, there is no sell signal in CCL, so if you are in, you may just hold it.
If you liked this analysis, remember to follow me to keep in touch with my daily updates, and please, support this idea if it helped you!
Be careful and take care.
How I simplified IchimokuI've been a student and trader of Ichimoku for over 8 years. It has been the foundation of my trading strategies which have evolved over time. A few years ago I wanted to simplify my charts so I distilled down the essence of the indicator to 50% retracement levels. In this video I show examples of using either Ichimoku or it's fundamental premise of retracement levels to find trading opportunities and hedge against market corrections.