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
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
Trade active:
broke out pre market, if today holds.. safe to say we can see $30 next week.
Comment:
I would like to see a break of $24-26 to see a continuation, very unlikely... bearish on airlines as well
Comment:
expecting to see this tumbledown along with airlines soon.. I will say it is holding better than airlines...