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CARNIVAL CORP

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CCL1/N trade ideas

Carnival Corp (CCL): Carnival surfs the second wave of COVID-192020 AUG-1: Carnival Corp will resume cruise ship travel with 8 trips planned starting Aug 1st. Just as most COVID cases have peaked in New York and around the world, CCL is announcing a return to business-as-usual. This announcement was made despite CDC warnings. A second wave is highly anticipated. The stay-at-home protesters (although a small minority) aren't helping to contain the spread. However, cruise vacations may not a be a priority for the economically troubled middle and lower classes. Difficult to tell how high demand will be. Then again, consumers have been bottled up at home. Enough will book cruises to create positive (short-term) outlook. Unless Carnival enacts social distancing measures that succeed on their ships, I don't see them exceeding 3 trip this year before an outbreak forces them to suspend travel again. I have no faith in them or the travelers aboard to follow strict guidelines. We can't even do it at home. Imagine a boat full of entitled travelers looking to break from the reality that is COVID. Thanks for reading my non-technical mumbo jumbo. I read the news and speculate human stupidity and greed. Also, science trumps all. What do you think of this idea? References: COVID has peaked: www.cidrap.umn.edu Carnival Cruises resumes August 1st: www.cnbc.com
NYSE:CCLShort
by traderman001
3
CCL Channel Break Out.CCL broke out of a 3 Week consolidation period today with volume confirmation. It's above the daily EMA20. Next targets are 14.89 and 16.81, respectively. I'm still skeptical (neutral), given the fact that this is earnings week for several major companies. CCL may be trying to hitch a ride on the bull-run. However, RCL and NCLH are both up as well, and reports indicate that CCL can weather COVID-19 impact until 2021. I'll reassess this stock at the end of the week, after earnings. Chart is 30m.
NYSE:CCL
by chiefwils0n
3
Big Monday for CCL So I've been watching CCL for a minute As we know the cruise industry is in a little bit of a panic but CCL has been able to stay afloat So I have my support resistance lines as follow 14.64 Resistance 13.66 12.27 11.91 11.51 10.98 10.59 7.88 Lowest support Now I'm still learning how to use EMA, MACD, and Fibonacci retracement, but I do understand that with a Symmetrical Wedge pattern it gets to a certain pressure point and from there it can go either way. If you have any indicators that could of help with pinpointing which way CCL is going to go I'm all ears, but as of now even though the market has been choppy and crazy I'm basing it off the news and the rest of the cruise industry we are going for a bearish downtrend when we break this wedge. - Lu
NYSE:CCL
by LLCOOLA
3
Carnival is not yet ready to Party! Need Volume ConfirmationAnalysis: 1/ Price retraced above 50% - It's unlikely to create new low 2/ Consolidating to build strength to take our $13 resistance 3/ Overbought in the last 20+days - likely for price to go down to do a fakeout 4/ Boom!!! The party happens after fakeout - expect at $10 range Confirmations for a big run: 1/ Already oversold for the price to go down for a fakeout - Timer set to alert me to start entering trade. 2/ Waiting for volume to cross above my timer for change in trend 3/ If/when price breaks $13 resistance, I'll add more.
NYSE:CCLLong
by UnknownUnicorn7385311
2