CCL (Carnival Cruise Lines) Now, I know a ton of People that bought into CCL becasue of the "Bargin Deal". But lets not forget that cruise lines were one of the main vectors for SARS2 into the states. if you read the 1st 10Q for CCL they tell you that their reputation might not recover because their ships name associated with SARS2-COV19 and that they may not recover from that. Its under the risk factors section of their 10Q and i think their 10K aswell. Here we have a bearish flag pattern and if PA breaks the channel and failes the restest i am afraid alot of people are going to be out of pocket alot of money. I dont do much stock trading as its too expensive with the Commissions, slippage, broker fees and everything else. but i do like speculating. Lets hope im wrong and everyone makes money and CCL makes rebound because i like cruising!
CCL trade ideas
CCL in Wave4 or New Bottom next ?!All information should not be taken as call to Action, this is my personal view of market situation.
So prediction fulfilled by time zone and timeframe. So that is why it's difficult to be bearish. I don't know what premarket will show us, but i always keep 2 strategies in the head.
Now it's good time to go long with stop only 5% below (use 20% of your capital to reduce risks) and profit can be x15 to Loss.
On other hand if we reach my STOP at 14.65 $ , then i will go full Bear on CCL unless Resistance at 17.42 will be broken.
And Bear means, i expect to Bottom below 7.60$
Why Up you ask with all that bearishness ?! - Wave 5 is manipulative wave, where all remaining positions must be closed (Big Money positions) and considering that we can be still in global wave 4 (UP movement). Big Money have close to NoN rules holding them from any manipulation.
You may like or hate my views. But most important, stay calm and do not give more money to the market than You Decide !!!
$CCL Possible reversal trade in Carnival
Broke from wedge today as risk on stocks cam back in favor.
Lets see tomorrow if we get continuation, or is it just a oversold bounce.
Found support on the local Fibonacci Golden pocket
Possible upside target to $18.75
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.
HEAD AND SHOULDER COMPLETED?- lONG*****************THIS IS JUST AN UPDATE.*****************
i still think its a long term hold, whales are trying to push this lower because of bad news, but the good news is actually that they will launch again on september, so always good to be early than to enter late because of FOMO.
So i detailed some stuff more, i show you where i bought at those two prices, if it goes lower i will buy more. This might be the bottom because the head and shoulder formation look completed. Its trying to reach that golden support zone.
Should this break the 100MA WE WILL BE IN DANGER AND SURLEY SEE NEWER LOWS OR THE LIKES OF $14.
I GUESS THAT IS ALL FOR NOW
HAPPY TRADING
Makes me sad to say this but, short it :(Hi guys!
Well as you can see, Carnival is in a strong down-trend, which started back on June 8. It makes me sad because I already own a big portion of it, but I will purchase more on the way down, and even highlighted it for you, where I will buy more of it ( purple boxes).
In case the yellow line breaks and manages to stay above it, then we will be back in an uptrend. Until that happens puts or shorts are the best way to make profit :(
If you are interested in a chart analysis like this, check my profile. And If you want me to analyze a specific stock, please write it in the comment section.
Long Term Support Trend Lineb - Retest High in AugustSo CCL has had a drop down with all the bad news this past week. First Norweigan said they would not sail until October (which brought down CCL, NCLH and RCL), then CCL posted higher losses this quarter and finally the overall cruise association said no North American cruises until September 15. So with all this bad news in one week where does this put CCL, well the good news is there is a support trend line, and if it holds we can retest the recent highs in about two months.
Carnival Cruise Lines Not ready to party just yet- LONGSo i havnt posted in a while. I been greedy and milking the market by myself, but anyways....
This looks like a big mess, but i promise.....
IT IS!!!!!!
So in terms of price action CCL is finding a support floor to make its next jump should we break the trendline on the bottom limit then this will die.
However i have a strong belief that this is bouncing and should this go any lower to the likes of $16 i will add more to my position. Im in a long term long