NCLH
Just what I'm thinking might happenThere's a gap. The trend is downwards currently. I've put 2 ideas together and created an area of where I'd go long. News around the time will sway my opinion though with what's happening currently (increased cases of covid) and the CDC No Sail Order expiring 24th July (might again be extended). If it gets extended another 100 days that makes it 1st November which is past NCLH current departures announcement.
NCLH a good buy?Hello, so today I took profit from LTC, which gave us a good return, yet was countered with downward movement. My thinking of buying both was to hedge against NCLH incase of downward movement and it worked. So I entered into another position in NCLH looking for upward price movement as in the hourly we are oversold with major support at roughly around the 16.81 area give or take a precent or two in either direction.
News
-Well NCLH did get downgraded just like the rest of the cruise lines to a hold, yet on the NASDAQ its still a majority buy. Trading view is a sell
-Cruses are pushing back all cruises till the fall and NCLH was the only one that volunteered to extended it further unlike the other two
TA
-We are in a downtrend that is represtened by the yellow dotted line.
-Price target to the upside is at 19.42
-Downside support at 16.61, which we have hit and pass through over 8 times.
-Next downside support is at 15.42 roughly than its 14.10
-RSI is oversold on the hourly
-MACD is getting tight and we can predict a pretty big move tomorrow or on Wednesday
So I'm going long on NCLH in the short term, yet its hard to judge movement since its correlated with all the cruise lines. If bad news hits ccl or rcl than it hits nclh, yet NCLH has the strongest balance sheet since it is the smallest and has money to last about 18 months. WallstreetBets, if you trust them, pick NCLH over CCL if theres any credibility, yet again besides them NCLH has the better fundamentals and has a much larger hand over its money compared to the others. As of writing this futures just dropped 1.3%, so we could suspect a big move on Wednesday
NCLH Grade 5 math = easy short opChanging sentiment on a huge material change PR that wont see operations all summer.
NCLH endured an operation net loss of $1.8B in q1 (after having ticket sales of $1.2B)
Imagine the q2 book after no months of ticket sales.
They have $16B in assets, $1.3B of that is cash but with $12B in debt.
Bringing us to bottom line book equity of $4.3B
Customers from q1 sales are going to want their money back, I'm not even pricing that in here.
They really needed to open this summer.
Sure the company can last 18 months, but at what cost to shareholders? They will 100% require another debt round or equity round to exist.
My price target is 10$ in the near term & i'll be adding to any fake squeezes. Math supersedes the RH pump.
Short $NCLH to single digits.
Bitcoin about to make a run?Hi, so I took profit on nkla, yet still think theres more movement head but that might be till the end of next week I'll go look into it. With todays drop on the panic of apple news I bought the dip into NCLH and into litecoin. Why did i get into crypto now? Well its uncertain the ripples of what apple's news and the virus will do plus as you see later on the TA it looks like we might have support. Also congrads on who bought the dip on my last call. You could have got the full 10%, yet with the zones it was in between the 7-10% dump. Again TA is not always on point and can change in a moment of time.
TA as you can see we are building support around the 9288 range and it looks like a head and shoulders play that might be playing out.
-Points of interest to look for is 9563,9713, and the 10k range.
-the MACD look like it wants to go bullish
-RSI is oversold by a hair
Final thoughts
I'm looking for movement in litecoin's USD value and see that bitcoin has a potential run up soon, which would affect LTC usd value. NCLH was bought on the dip after a 7% drop, yet in my opinion NCLH is better than CCL. I'm again watching for more upside in NKLA, but I would like to chance opportunity where I see it.
Norwegian Cruise Line Technical Analysis - Hold PositionBased on Fundamental Analysis:
Norwegian Cruise Line — Norwegian’s stock dropped 13% after the closing bell after the company announced it is extending its suspension of global cruises to include trips between August 1 and September 30 for its three main cruise brands. The cruise line said the cancellations exclude Seattle-based Alaska trips in September. Select voyages, including Canada and New England itineraries, are also canceled through October 2020 due to travel and port restrictions. Shares of Carnival and Royal Caribbean Cruises each fell more than 7% in after-hours trading as well.
NCLH: Buying the dipsThis is a long term investment of mine that has already yielded some nice profits thus far. You often here the recommendation to "buy the dip" or add to your investment at opportune moments. This is one of those areas where I may add to it as well. I'd like to see previous resistance around $18 become new support. 2-5 year plan! Happy trading.
NCLH looks primed for some profit sellingEver since the news broke out that NCLH could support itself without income for up to 18 months, this stock has been on fire. Jumping from around 10.00 per share all the way up to 22.00 per share. I believe that this impulse has run its course and that we may see a bit of a sell off here as traders lock in profits. If you notice the yellow downward sloping resistance. This was established during the original sell off in January that started the downward spiral of NCLH. The RSI indicator is showing that NCLH is in the overbought range and due to the massive selling after the price spike in the pre-market on Friday, I anticipate that there is some more downside to be seen. I think that price may touch the downward yellow resistance as momentum dies off. Could see some support at around 20.50 and 17.50, however if those levels do not hold I would expect price to dip down to test the green downward support line at around 12.50. I think if you can enter a short position on any impulsive move up, there is some profit to be made as sellers reclaim momentum for a little while.
NCLH thoughts... double top or double bottom?Norwegian looks extremely interesting here are my top 3 thoughts on what will happen! $AAL $GOL looks like this as well, wouldn't be surprised if lots of stocks in this sector looked like this. My personal take is we break through it (as much as I hate to say it)
1. (green line) we test 17.90 then bounce or simply break right through 20.38 to reach high 30s
2. (orange line) we consolidate for a couple days between 17-19 (bullish) then push past 20s to 30s
3. (red line) we reject 20.38 and fall to 12-14 dollar range... or we have a fake breakout and then reject hard falling to 12-14 dollar range
NCLH cool down coming upIMO tomorrow is going to have a tremendous pull down. Who knows if the pull will continue through the day, but at the open tomorrow.. ohh boy. I got out today at 17.04 (see my previous NCLH post)
My best guess at where the downtrend reversal begins is below the current pivot and above the 20MA.
If the 20MA is not resistance to the fall over the next several days then it may retrace back down to the lower uptrend support. All of that will be determined near the middle of next week.
The pig we fed is currently at the slaughter house, but a new ones getting ready to be plumped up.
GL make some money.
Norwegian Cruise NCLH Technical Analysis Bearish Market - Based on Technical and Fundamental analysis the prices could move down up to the level of 8.00 USD (or even further down - just wait the breakout of the support lien)
Fundamental Analysis:
These comments likely had investors reevaluating their outlook for cruise ship companies, which are particularly exposed to COVID-19 outbreaks. Fears are growing that health officials could decide to extend the sailing restrictions placed on cruise ship operators during the pandemic. With their ships stuck in port, Royal Caribbean, Norwegian, and Carnival are all bleeding cash, and any further delays in resuming their operations could have a disastrous impact on their already beleaguered balance sheets.
Target Price 8.00 - CCL
Target Price 24.00 - RCL
NCLH, Support / Trend Squeeze Last support is below "bearish pennant"
Upcoming Earnings on Fri
RSI declining
Earnings announcement* for NCLH: May 14, 2020
Norwegian Cruise Line Holdings Ltd. is expected* to report earnings on 05/14/2020 before market open. The report will be for the fiscal Quarter ending Mar 2020. According to Zacks Investment Research, based on 7 analysts' forecasts, the consensus EPS forecast for the quarter is $-0.38. The reported EPS for the same quarter last year was $0.83.
Norwegian Cruise Line Holdings said it is burning at least $110 million to $150 million of cash a month without sailing amid the coronavirus crisis, excluding customer refunds—a predicament it’s monitoring closely and may take additional steps to improve.
Going to be an interesting weekNCLH has a rather substantial amount of short shares, but the technical s are showing bullish at lest for the next few days.
IMO, if the prices raises above the shorts stops, you will see a rather substantial immediate price jump as the stocks are bought back. If the jump sustains and one of the upper fibs becomes support I may stay in a little longer.
Im not overly concerned about earnings, since I know they will be in the dirt and the price already reflects as such.
again IMO, this week will see quite a bit of volatility, but should end a little upward or break even in price.
Norwegian Cruise Line $NCLHTravel services one the most affected sector from Covid-19 and due to indoor travel of thousand it might have long time to recover.
Falling wedge is showing bearish pattern and there was a resistance at 20SMA yesterday. Needs to break upward, get over 50SMA and start to make higher highs. Holding above would be a good signal for recovery.
Norwegian Cruise Line Technical Analysis - Hold PositionNYSE:NCLH
Technical Analysis might suggest to buy after a sideways trend coming form a bullish (short term) market and after a breaking of a resistance of a descending triangle (bearish Market Signal - one more info to hold this position).
Fundamental Analysis:
Norwegian Cruise Line (NYSE:NCLH) stock fell 6.6% after the company filed to raise $1 billion in fresh capital, of which $350 million will be new shares and the remainder in convertible notes.