Cruise operators like NCLH are so badly hit that there seems to be no light at the end of the tunnel. Looking closely at the chart, one can see that the price is falling 90 degree plunge straight down especially the last 3 days, without a pullback.
Now, it is near the weekly bullish trend line, if it breaks down, then we can see a much lower price from 34.23 to 39.58. Avoid this stock for now till the Coronavirus saga is over !
Now, it is near the weekly bullish trend line, if it breaks down, then we can see a much lower price from 34.23 to 39.58. Avoid this stock for now till the Coronavirus saga is over !
Comment:
Those who shorted this, congrats !
Comment:
i think for a while even after the covid 19 saga is over , many will have a negative impression about taking cruise. Unless necessary, it will be avoided and the share price might stay low for a while...
Comment:
23 Mar green candle is a killer for the short sellers, likely to stop you out if you are late in shorting. Go to the smaller time frame and find a suitable entry to short. The tourism industry as a whole is still very bearish and I forsee some companies to go under should the government in the respective countries not able to provide a life line.
Comment:
still not seeing light at the end of the tunnel
Comment:
8 months later, we continue to see weak growth in this sector.
