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...
NCLH - Looking for a short below 46.43.
Target 1 40.33. Target 2 36.33, Target 3 31.33.
100% insider sale from 10% owner.
On the option side $45 March Puts are $1.98, $42.50 March puts @ 1.30.
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NCLH seems breaking down from a possible upward channel. it has very heavy insider selling and on the technical side Twiggs money flow sharply down into the negative side. We think it has strong downside potential.
To play this we could consider $60 September Puts (currently $5.30)
* Trade Criteria *
Date First Found- March 23, 2018
Pattern/Why- Upward...
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NYSE:NCLH
