We still have a faily bearish outlook on Travel and Leisure. This looks like a good spot to go short again on CCL. Chart looks good with good Ratio
Bearish outlook still on market.
Carnival, and the cruise market in general, has taken a heck of a beating since Covid. Rightfully so given their business model is dependent on cramming people into a close quarter vessel along with carrying pretty heavy amounts of debt.
It's been in a down trend losing weekly (and monthly) levels in a fairly consistent manner. However, the past 4 months or so...
A bunch of bull candles in a row. :-) Nice bounce, nice trend. I'm in 2000 shares and I'm net positive on them. Going to sell a covered call into strength over CPI. I like this move because it gives me a WHOLE $1.20 + .15 of room and only 3 weeks with one extra day of theta next monday.
Whats The Plan/Trade/Thought
Travel leisure company focused on cruises and with the potential economic headwinds. With the upcoming uncertainty. I think people are going to focus on working, generating income and savings.
On Seeking Alpha - Peers seem to be a 50%mix of Hold and Buy
Risk Mitigation
I see 9.12 as my indicator that my direction is wrong....
CCL reached the lowest $6, cutting out all the SL based on the previous low level and rebounded above the previous support level.
This is a good sign in term of TA with China reopens borders and sales tickets increase for CCL.
Therefore, I'm bias on the upside with good risk-reward stated.
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.
#CCL is at a strong support and could potentially bounce back to $10 area and complete the right shoulder of the inverse head and shoulder pattern.
If the price can break above the neck line at $10.80, there is a chance that it could get to $15.
Target 1 - $10.70
Target 2 - $15
Risk - fall below $7 to $3.27 (worst case)
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Trade is done when it hit one of the...
CCL triggers SHORT opportunity based on this past week's price settlement.
Looking below at 2 targets, $6.00 and $4.00
Risk, the overhead high @ $10.30 is where this trade goes the wrong way.
$77 billion wiped out in a matter of months; that’s how much the cruise industry lost between March and September 2020. The once booming industry was in for a bumpy few years when the pandemic hit and it became one of the first hotspots to catch the media’s attention. With everyone locked in their houses the tourism industry took quite a hit, and cruise stocks...
Carnival Corporation - 30d expiry - We look to Sell at 10.88 (stop at 11.67)
The primary trend remains bearish.
Prices have reacted from 6.11.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
11.00 continues to hold back the bulls.
11.49 has been pivotal.
The previous swing high is located at 11.19.
Preferred...
Carnival Corporation - 30d expiry - We look to Sell at 10.88 (stop at 11.67)
The primary trend remains bearish.
Prices have reacted from 6.11.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
11.00 continues to hold back the bulls.
11.10 has been pivotal.
The previous swing high is located at 11.19....
An unique calculation that has never been seen before in wave practice according to Elliott theory. In the expanding triangle, I discovered a sub-wave in the form of a triangle and, most interestingly, an expanding sub-triangle.
We broke the stop, now in the direction of 5, 3, 1.3$
A multiple zigzag can turn from a double to a triple and then the target will be...
A unique calculation that has never been seen before in wave practice according to Elliott theory. In the expanding triangle, I discovered a sub-wave in the form of a triangle and, most interestingly, an expanding sub-triangle.
We broke the stop, now in the direction of 5, 3, 1.3$
A multiple zigzag can turn from a double to a triple and then the target will be in...
Hey Investors!
You will likely be pleased to hear the last time this cross occured on the daily timeframe the stock saw a 70% gain in stock price within the given time frame. Will be buying leaps for EOY 13 strikes are too cheap
