Carnival Cruise Lines has been dipping on news that one of its ships spilled 5900 gallons of gray water into the ocean at Port Canaveral. The incident doesn't actually pose any risk, however, because the EPA is not imposing any penalties. Accordingly, I expect CCL to recover soon, with a bounce in the 46.50-48.10 area. Entertainment, leisure, and hospitality has...
CCL broke a major resistance line in its last quarterly earning release. I expect the stock to trend higher. Target price is $57.30
Entry level$51.50 = Target price $57.75 = Stop loss $50
$CCL trade with 14x30 emas and Kelts
Showing good divergence on weekly and coming off historical support
adding longs in this territory will keep updated
The MACD is right on the signal line and the divergence indicates the $47 level is where prices should be. Going to grab some 16 Aug 47.5 calls in the morning if the market behaves currently last trade was around 19c
GOOD LOW RISK ENTRY ON CCL TODAY. ENTERED AT 45.70 BEFORE THE UPTICK. COMING OFF HISTORICAL SUPPORT AND SHOWING DIVERGENCE ON 4 HR TIME FRAME SO FAR.
Trading Methodology: 1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend. 2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point. 3. A trend-based...
Moment of truth. Either the price will hold this level ($50-55), or it will go below the trend line to area $40-45. I'll try to buy some @ $50-55, no SL, long-term only.
CCL had a good run since since 2014 but is flat-lining at the tail end of an extended ABCD formation. High of c.$73 was a stretched 138.2% CD extension with price action range bound since Sep 2017. CCL and competitors have been aggressively adding capacity over the last few years which you would expect severe operational deleveraging in the event of a dry spell....