Hello, so today I took profit from LTC, which gave us a good return, yet was countered with downward movement. My thinking of buying both was to hedge against NCLH incase of downward movement and it worked. So I entered into another position in NCLH looking for upward price movement as in the hourly we are oversold with major support at roughly around the 16.81 area give or take a precent or two in either direction.
News
-Well NCLH did get downgraded just like the rest of the cruise lines to a hold, yet on the NASDAQ its still a majority buy. Trading view is a sell
-Cruses are pushing back all cruises till the fall and NCLH was the only one that volunteered to extended it further unlike the other two
TA
-We are in a downtrend that is represtened by the yellow dotted line.
-Price target to the upside is at 19.42
-Downside support at 16.61, which we have hit and pass through over 8 times.
-Next downside support is at 15.42 roughly than its 14.10
-RSI is oversold on the hourly
-MACD is getting tight and we can predict a pretty big move tomorrow or on Wednesday
So I'm going long on NCLH in the short term, yet its hard to judge movement since its correlated with all the cruise lines. If bad news hits ccl or rcl than it hits nclh, yet NCLH has the strongest balance sheet since it is the smallest and has money to last about 18 months. WallstreetBets, if you trust them, pick NCLH over CCL if theres any credibility, yet again besides them NCLH has the better fundamentals and has a much larger hand over its money compared to the others. As of writing this futures just dropped 1.3%, so we could suspect a big move on Wednesday
News
-Well NCLH did get downgraded just like the rest of the cruise lines to a hold, yet on the NASDAQ its still a majority buy. Trading view is a sell
-Cruses are pushing back all cruises till the fall and NCLH was the only one that volunteered to extended it further unlike the other two
TA
-We are in a downtrend that is represtened by the yellow dotted line.
-Price target to the upside is at 19.42
-Downside support at 16.61, which we have hit and pass through over 8 times.
-Next downside support is at 15.42 roughly than its 14.10
-RSI is oversold on the hourly
-MACD is getting tight and we can predict a pretty big move tomorrow or on Wednesday
So I'm going long on NCLH in the short term, yet its hard to judge movement since its correlated with all the cruise lines. If bad news hits ccl or rcl than it hits nclh, yet NCLH has the strongest balance sheet since it is the smallest and has money to last about 18 months. WallstreetBets, if you trust them, pick NCLH over CCL if theres any credibility, yet again besides them NCLH has the better fundamentals and has a much larger hand over its money compared to the others. As of writing this futures just dropped 1.3%, so we could suspect a big move on Wednesday