Analyzing the options chain and the chart patterns of CUK Carnival Corporation prior to the earnings report this week,
I would consider purchasing the 10usd strike price in the money Calls with
an expiration date of 2023-10-20,
for a premium of approximately $2.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
CUK I expect to make one more move up into this apparent down channel
From there downsides can be expected, as this channel will be continued (red)
Overall trend is bearish
Carnival Cruise was one of the stocks that underperformed after the 2020 Covid Crisis. From previous Lows, there was a huge gain--for smart money or Institutional investors. However, once media coverage of the "performing" industry hit the market, The big Boys Knew that it was time to sell off their shares to the Public. This Creates Bag Holders of the Stock at...
harmonic pattern butterfly setup
posting harmonic setup ideas to track results, chart analysis and harmonic setups on weekly charts.
still in the learning phase posting ideas to help with my own analysis
Carnaval Cruises (CUK & CCL) has come back down to initial covid shock levels. Although this time the stock isn’t at this price because the company cannot operate. Rather the US market is experiencing systemic risk and as a result, irrational selling is just pulling down the price of overvalued company’s but undervalued company’s as well.
Carnivals Cruises...
The Omnicron variant has provided an investment opportunity in the travel sector.
Prior to the emergence of Omnicron, Travel destinations were beginning to plan pathways for reopening.
This gave confidence to the market that the future values of travel related stocks would be higher and as a result travel stocks recovered from pandemic market shock lows.
Since...
By Sun Storm Investment Research
A Profit & Solutions Strategy
Web: sunstorminvestment.tk
Disclaimer: I am not a financial advisor, so please do your own research before trading anything
A symmetrical triangle formation. Market just opened very strong below the bullish trend line.
Position opened today (with the break of the bullish trend line). Stop loss is at a previous support level inside of the triangle.
Use risk management as always.
Thank you for reading.
$CUK is looking for a neutral move since earning which was less than expected, price is currently trading below the lower boundary of the projected PEAD giving some room for a move upwards.
