mzagotti

All aboard - Cruise Lines ready to set sail

Long
NYSE:NCLH   Norwegian Cruise Line Holdings Ltd
Cruise lines

RCL and CCL have similar charts and each have a pros and cons, however I think money can be made on either one as this is last of the reopen play.

Business Case:
- All 3 companies have confirmed via recent earnings call that they will be 100 % operational by Q1 2022
- Return to free cash flow with 6-9 months
- All seeing booking demand
- VACs number are increasing
- Covid cases are trending lower
- herd immunity in progress

Technical Case:
- 3 recent bottoms formed and held steady on the sell offs - high lows
- 3 tops formed, higher highs

Trade active: NCLH WILL POST EARNINGS IN OCT - THE STOCK WILL COME INTO RESISTANCE AROUND 29 - BUT WE ARE FEELING GOOD THAT THE STOCK BROKE OUT OF THE 3RD TOP AND SHOULD CONTINUE THE UP TREND - STILL A LOT LOWER THAN 2019 LEVELS.
Trade active: For those who went long, congrats - next level of resistance coming in around 30.67, after that we have potential to break the July/Aug highs.

Earnings coming up.
Trade active: there is some selling pressure on cruise lines. I'm still bullish and feel the 30s are inevitable.
Trade active: All - with the MERCK oral Covid pill going for emergency use - the re-open & travel stocks got a huge boost. The chart is indicating a nice up trend and confirm that we should continue to move higher.
Z