With Memorial Day weekend approaching, the summer season is set to kick off and in turn the cruise line season. One of the cruise line stocks that are well-positioned to become a major winner this summer season is Carnival Corporation & plc (NYSE: CCL). Over the past years, CCL stock has always made a summer run extending through June till August and this summer...
A price action above 9.50 supports a bullish trend direction.
Further bullish confirmation for a break above 11.00.
The upside target price is set at 13.50.
The stop-loss price is set at 9.50.
Recently crossed above its 200-day simple moving average.
It will appear that a rounding bottom pattern might be developing, which can signal upside potential.
Trade may...
I'm in shares. 3,600. I like this candle, I like the bounce. I'm in long. GOOD VOLUME on the stock.
Covered call prem is bleh... Buy low, sell high. I'll likely exit around $11 or $12
In spite of CCL's near term revival, I believe that it is still a long term short. Look at the next few quarters as an opportunity to grab short positions for a discount.
Recession pressures will dampen earnings and the increasing cost of crude oil will deal a serious blow to CCL as it has done previously.
Personally I am looking to open a short position end...
#CCL $CCL is again looking good for another ride up. Its currently right below 200DMA and inside an ascending triangle.
Target 1 - $10.55
Target 2 - $11.44
Risk - fall to $7.53 and below
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Trade is done when it hit one of the target or stop loss is hit.
Disclaimer: Trading note. Not an investment advice.
CCL watching this drop. nice run up for the Shoulder Reversal for this Inverse HNS Potential Breakout. This is a long journey. watch your levels and confirmation up.
Hello Traders and Investors,
CCL has finally broken out of the head and shoulder resistance after weeks of consolidating. There is also a double bottom on a monthly, suggesting the ground is pretty solid for CCL. The next major resistance dates back to 02, 08 and 09 at $16.93. This is a solid 55% gain on the stock.
Let me know what you think.
CCL broke $12 resistance yesterday and broke the occillation pattern it's been hovering on (mimicking it's early 90's stock price).
Full disclosure I am holding Jan '24 $10 LEAP options on this, looking for targets of $20 and $30 by mid year.
The cruise industry is down, but not out IMHO.
Last one worked! Doing it again. I got 2200 shares. This is a NICE breakout and gap. I could EASILY see CCL going a tad higher from here. Looking pretty!!!
Would not mind getting called away!
