Going longAfter accumulation, seems CCL is ready to go, conservative target. Currently is testing low volume node, if wake up with an impulse I will jump. Wish me good luck hahaha.
CVC1 trade ideas
Falling Wedge patternLet's see how Tuesday plays out. I will decide based on that, whether to enter a position or not.
Trade safe
$CCL: A New Bullish Wave Is CommingAs we can see CCL has created a potential triangle. With this information on the cards, we can anticipate the next possible bull wave.
Targets:
$23.81
$25.28
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CCL 200 sma
and p channel support for a long entry.
Monthly is back testing previous resistance area showing first positive momo since april 2018
Daily has divergence help
perfect timing to buy Carnival perfect time to buy carnival
you can make 100% return with this trade
good luck
Carnival Corp Long Term PlanAlthough Carnival Corp was one of the most effected companies by COVID and closed 2020 with a $2.2 Billion net loss. However they finished the year with $9.5 Billion in liquid cash. Which is enough to survive 2021.
Add to that the distribution of the vaccine and the multitrillion stimulus plan would both play a key role in pushing the price into higher levels.
In term of technicals, the price has been traded in an ascending triangle for the past 10 months. And I believe it's now in an accumilation zone.
I expect by breaking above $24 neck line the price will be heading towards the pre pandimec levels at $42.
This is not a financial advice. Do your own research and have a good day all 🙏.
Carnival Corp. Long Term PositionAs the chart shows, the price is being traded in an ascending triangle for the past 10 months. And according to the analysis the price now in an accumilation area.
After the breakout the price is targeting $42 which is the pre pandemic levels.
In term of fundamentals, the company was one of the most effected companies by COVID. So the distribution for the vaccine and the multi trillion stimulus plan will both play a key role in pushing the price higher.
It is not a financial advice. Make sure to do your own research and have a good day all 🙏.
$CCL I'm long CCL; the stock is been in a nice uptrend, and it was consolidating for the past few weeks. I expect the stock to continue its uptrend from here.
CCL Wave 5Surprisingly Carnival Cruise popped up on my scanner and has a good Elliott Wave count. The ABC correction is following parallel channel and demand zone lines up with the mid-line of the parallel channel. Wave 2 and Wave 4 are alternating and the 0.382 lines up with the demand zone. Looking for a play after earnings report this week.
CARNIVAL CORPprice moving up for wave 3 after wave 2 retrace to 88.6% level of the fibonacci. i expect extension 127% as the target for the wave 3
Bull FlagCCL is also trading in a cup and handle pattern. The Bull flag break out, if it occurs, could possible put CCL in a position to break from cup and handle pattern with long entry at 25.40.
Bull flags form after a move up and preferably in an uptrend. Bear flags form after a move down. There should be an increase in volume when the flag breaks long entry level.
Bull flags appear as small rectangles often tilt downward. A flag can have a flatter base as well. A flag should be less than 3 weeks in formation (not counting the flag pole which usually forms over several days.
As a rule, tight flags without a lot of space between candles, perform better than loose flags that have a lot of space between candles.
A long pole if preferable to a short pole as targets are calculated using the pole. So a flag sitting high in a tight formation can be a good bull flag to trade.
Not a recommendation
2020 Bloopers CCL, MRO, NCLH, OXY, SABR, COTY & HTZ2020 Bloopers CCL, MRO, NCLH, OXY, SABR, COTY & HTZ
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
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pi RSI - trend momentum
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$CCL Carnival - potential Bull-flag Breakout
Potential Bull-Flag rally setting up.
Alert set for break above the 20ma @ $21.61
Target price $23.19 - Hourly Horizontal resistance
$24.67 dead cat bounce Fibonacci level.
$CCL - Ride the Vaccine$CCL is forming its 12345.
Uptrend strong for early new year January going Feb.
Target of $32
carnival corp update break of market structure and i expect a little retracement back to 17 or 16 price level before another impulsive move to the upside to continue with the trend
