Short NCLH here via some puts and planning on swinging them a bit. While I don't think the whole market is going to tank if I had to choose one stock to be short of for downside and market weakness this is it. Daily close under trendline for bear flag giving me confirmation. Closed under a heavy volume at price area. Plus no volume the past 5 days granted...
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.
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Ever since the news broke out that NCLH could support itself without income for up to 18 months, this stock has been on fire. Jumping from around 10.00 per share all the way up to 22.00 per share. I believe that this impulse has run its course and that we may see a bit of a sell off here as traders lock in profits. If you notice the yellow downward sloping...
NCLH is approaching our first resistance at 56.59 (horizontal swing high resistance, 61.8% fibonacci extension , 76.4% fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 47.87 (50% fibonacci retracement ).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
NCLH is approaching our first resistance at 56.59 (horizontal swing high resistance, 61.8% fibonacci extension, 76.4% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 47.87 (50% fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
NCLH is approaching our first resistance at 56.59 (horizotnal swing high resistance, 61.8% fibonacci extension, 76.4% fiboancci retracmeent) where a strong drop might occur below this level pushing price down to our major support at 47.87 (50% fibonacci retracement).
Stochastic (55,5,3) is also appraoching resistance where we might see a corresponding drop in price.
NCLH is approaching our first resistance at 50.50 (horizontal overlap resistance, 61.8%, 78.6%, 50% Fibonacci retracement, 100% Fiboancci extension) where a strong drop might occur below this level pushing price down to our major support at 45.11 (50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our first resistance where we might be seeing a...
