Looks like we got ourselves a $CCL with a huge bull flag with a failed/fake break out, leading to another mini bull flag within the larger bull flag, and now breaking out...This is a tricky one, but she's going higher. All Aboard!
Also, the stock here doesn't look bad. One could consider some kind of synthetic long position. Trend looks bullish and if you zoom into the daily, a Nice gap today.
:)
If one sold this option yesterday, it would already be down .33
Plus, a dividend paying stock in which I KNOW how they make money..
Carnival Cruise lines has formed a diamond shape on the weekly chart. The pattern is slightly tilted downward
The diamond followed an extended upward trend leading to the formation of this pattern.
Plan to cover at about $60.40.
It looks like there is a bull flag pattern formed on CCL. If it breaks out soon, which in my opinion is likely, it should reach approximately 67.70. The Ichimoku Cloud also looks promising, so I think it's safe to say that CCL is going to be moving upwards in the near future.
Only way in VIEW to trade earnings, is make sure that you set up trades the day before. Use iron condors, strangles, straddles. Why? because most of the time you have no clue which direction price action will go after earnings, in the long term. Example of a $56.00 - $ 60.00 straddle. You get a premium or credit and profit from trade (your reward) & your maximum...
Carnival corporation has been in a huge rally but lately we can see some signs of fatigue that we cannot ignore.
TECHNICALLY OBSEEVATIONS
1.CCL stock seems to respect well the 1,618 Fibonacci extension as you can see it moves at those levels after every pulback.(I didn't do it for every pull back to keep the chart clean but you can try it,it works almost for...
I do not have any positions on CCL. We are going on a RLT cruise in April 2018 for those interested, let me know below.. ;-)
Otherwise, ownership of the stock, it's at an all time high right now. For those looking to buy, snag the retest of the all time high.
CCL SHOWING DIVERGENT SIGNS:
- Long and short term negative trends, while the medium term is still up trending;
- Golden cross in mid November suggesting upside on the uptrend;
- Multiple rejections at/above 53 suggesting more downside;
- Down trending MACD and RSI;
- Mildly positive consensus (closer to a HOLD);
- Some 10% upside on the consensus target price;
-...
MoneyHour$-Breather signals a Buy for CCL - always use a Stop Loss with 8% and wait for Sell signal of my Breather
My Market Breadth calculation shows a positive (green) environment
