Long CCL 4H Long

Carnival CorporationNYSE

Description

⋅ Apr 19, 2020 8:39 AM

The Cruise ship Industry has surely taken a huge knock due to the corona virus, but this open up great investment opportunity's.

CCL has lost roughly 80% of its value since the start of lockdown periods. This is due to overload of pessimism.

A great double bottom setup is given at $7,84.

Target 1 : Break of Neckline
Target 2 : Support turns into resistance
Target 3 : Support turns into resistance

This is a long term investment opportunity .

Comments

Trendymanners

⋅ Apr 20, 2020 8:05 AM

Invest in the lawyers who will be defending CCL against lawsuits, not CCL stock. No one heard about how fast the guests are dying on the Ruby Princess? Each family of the guests suing for $1,000,000. Investment Opportunity? Opportunity for negative earnings maybe.

OT_Forex

⋅ Apr 20, 2020 8:28 AM

@Trendymanners Great Perspective . I believe in a long term aspect all will return to normal but surely earnings might be negative in the short term outlook . The price is reasonable now .

UnknownUnicorn7200789

⋅ Apr 20, 2020 6:58 AM

carry on

UnknownUnicorn7619738

⋅ Apr 20, 2020 6:54 AM

Nice Analysis

OT_Forex

⋅ Apr 20, 2020 6:55 AM

@Henrycr7 Thank you

LLCOOLA

⋅ Apr 20, 2020 3:11 AM

Yea from a Long stand point this a good chart, but with the markets pumping so much this fast, and everything happening in the cruise industry, def see it being bearish for a bit

OT_Forex

⋅ Apr 20, 2020 4:23 AM

@LuisDep3120 I cannot disagree, but with proper risk management this could turn in a profitable investment over time

Tristan73

⋅ Apr 20, 2020 2:40 AM

I see the Saudis bought a big stake of CCL also....thats positive longterm?

OT_Forex

⋅ Apr 20, 2020 4:22 AM

@Tristan73 I believe that is a positive signal , they would not invest to lose

chiefwils0n

⋅ Apr 19, 2020 2:46 PM

Pessimism overload? I disagree. No cruise, no revenue. Lawsuits are building. DJIA and SPX rallied on Friday, but CCL and RCL stayed in consolidation. An investment? Sure..but in the short term this stock will like see more bearish downturns. I don’t think we’ve seen the bottom yet.