Shorting CCL from $17,400. I'll close 1/2 at $11 and 1/2 at $8This is no trading advice, only ideas sharing.
I've entered short at $17,400, 5X leverage.
My first target would be $11 and if it doesn't bounce, the second one is $8.
I see no reason for CCL to go up. The 29 of Sept upcoming earnings will be actually losses, like many other companies. But, they have lost a lot.
Considering the actual situation, I don't think they will be allowed to do cruises this year.
So, it can go dipper than $8.
CCL trade ideas
bull or bear same direction I have laid out two different scenarios that can play out. So just a little update. If you are a bull then that golden support is your last hope for an immediate pump. If you are a bear then it just might take some time to build support and it will follow a slower growth cycle. And if it doesn't hold up well i guess GG $7 here we go. Im trying to look at this realistically, the media seems to be in control when all the volatile moves are made. do not let that control your trades. There was good news that CCL will start having limited occupancy the same news that pumped it to $24 is the same news that is pumping it now. This is done this way so that people are distracted in questioning who actually pumped it and shift the blame on external factors... We should know by now that this is not the case. Do not confuse technical with Fundamentals, and always have a good risk to reward management so that you make good swing decisions.... Other than that thats it.
happy trading
THIS IS IT!!! IF THIS IS BROKEN CCL IS FINISHEDso i was looking at what could potentially happen the red box is a liquidity point and if that is broken i think all hell breaks lose and this stock will be shorted to the dephts of $7 scary stuff for me. However i will buy more shares if this does happen. Never be scared. Remember to not over leverage your position and always have good risk management. We might also just fill a gap, and pump upwards. or we might be in the process of building support at these levels again.