RCL took a bit of time to recover from COVID but has now done well. The dialy chart reflects
this. Last year price rose in the winder and spring then fell when the summer ended and
reversed upside in November. Ir is now in a rising wedge and price is at the upper trendline.
It is confluent with the second upper VWAP band line suggesting not much room upside...
This is not financial advice. Cruise lines took a huge hit during COVID. I have a price target of $20.64-$30 on this cruise line. Even with some pull back the ticker appears to have quite a bit of support at the 200 day ema on the 1day time frame. The fact that this is extremely oversold looking at the RSI poises a great opportunity for a run long term to the...
Carnival is at March 2020 prices and I think it's an amazing longterm buy if you can be patient. Beautiful Megaphone in play. If you don't think it's going to die out it's definetly on an extreme oversold area.
$NCLH - Consumer Cyclical | Travel
strongest among the 3 major cruise liners ($CCL & $RCL) as RS flatten since mid jun & 1st in bullish MA crossover (20dv50d)
higher lows tightening within its ascending triangle. currently near the apex of it
pivot coincides VWAP at $14.35
May I keep this short and sweet? Okay, good. The price of CCL has reached 1990's levels and 'pandemic' lows. This is a bit overdone in my opinion. I shall begin nibbling from here.
As people start noticing more infection rates, even with the vaccines, there might grow a hesitancy for vacation travel. Add to that inflation, saving cash, retails flat.. we can see cruise liners and airline take a small dive.
forextraininggroup.com
Probabilities for retracement are listed here. Note that the SPY will have a low probability of moving down monday but tuesday we may see a slightly lower movement. Nevertheless, a put at .618 retracement level will deem favorable.
With the increase in cases for the delta variant to coronavirus, the question remains: will certain industries suffer again and will their stocks fall?
In the case of Carnival Cruise Lines (one of the larger cruise lines by market cap) my prediction, short and sweet is yes, yes their stock seems poised to fall.
Looking at the 5 year chart for $CCL NYSE:CCL and...
Price target is $111 based on height of flagpole. Downside risk if it breaks back into the flag and then under the 50 day MA at ~$86. Possible open gap target much further to the downside if it really starts to go south, but this looks bullish for now.
Carnival Cruise Lines shares have completed wave four with a bounce off of an important trendline, the 50 day SMA, and a key structure level. The MACD has also crossed on this daily chart. Shares are now approaching resistance, which indicates that we may see a breakout to wave five very soon. Leave a like and comment your thoughts :) Good Luck!
It has support at $ 25.
Resistances at 30, 35 and maximum 40.
Still far from its all-time highs.
It has to go up a bit more, it seems to me a good entry point.
NYSE:NCLH
$CCL Target 29.83 for 15.77%
Or next add level is at 21.97
Right now I am not holding this... but I'm going to say short, since I am eyeballing the 21.97 level for entry... Anything can happen and its definitely possible to hit the target from here... Will update if I take a postion...
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On the far right of the chart is my Average (Grey) Current Target...
Similar to my post in $CCL... Giant Cup & Handle, Bull Flag, Inverse H&S, overall bullish momentum in economy stocks... cruises are the last to ride, but we can still catch it.
Has a chance to fill the gap to $48+ by summer. Entered in $23s.
