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CCL trade ideas

CARNIVAL CRUISE LINE ($CCL) 🔱 | Is CCL Ready to Set Sail Again?🚢 The Cruise line industry seems to be on the rebound in terms of business, and many stocks once beaten down by COVID seem to be on the up-and-up as well. Given that, it isn't surprising to see Carnival Cruise Line's stock breaking out of the COVID bear and into a bullish uptrend. Despite some concerns that it might be too early to book a ride on the bull cruise, for example, due to the reality that cruise ships need permission from port authorities they don't necessarily have yet, we still think there is logic in riding the waves here. Let's look for a long setup. Resources: www.fastcompany.com + www.benzinga.com + www.telegraph.co.uk 💹 Drop a comment asking for an update, we do NEW setups every day 💹 Like & Follow to help the community grow! 🐣 --- 1. Find the trend. - Fractal Trend is showing a newly formed uptrend (Navy colored bars) on the 1-hour timeframe. 2. Confirm the strategy. - With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Navy colored lines) and/or bullish S/R levels plotted by Directional Bias (Navy colored lines). 3. Find an entry at support. - Our entry is the S1 bullish orderblock and S/R flip range. The idea here is that if we pull back before we fill the gap above, this level is the most logical to pullback to while still retaining bullish momentum. 4. Find an exit and set a stop to ensure a solid R:R. - The target for this trade is the R1 bearish orderblock above the gap. Meanwhile, our stop is placed below S1. 5. Determine other levels of interest for future reflection and consideration. - Other levels of interest include the S2 orderblock which is also a major price pivot point and expected support come a retest, and the R2 bearish S/R flip as resistance. A break below S2 would end any bullish bias on CCL, while a break above R2 would show continued bullish momentum. Overall we think CCL has more room to run. We have determined our long setup to have a high probability of working if we do get the pullback, although, with the way this market has been moving, that is a big "if." Good luck everyone!
NYSE:CCL
by AlphaBotSystem
6
CCL looks ready to revisit LOWSAll information should not be taken as call to Action, this is my personal view of market situation. It is quite hard to say that from April we have some kind of trend. I see correction and to be more precise Wave 4. So my expectation are, that Wave 4 will finish in 20$ - 21.50$ range, most probably in next 5-7days as per Fib trend time indicator. Game plan is as follows: If in long: (from before) Take profit/close position - 20$ Stop-Loss - 14.90$ To go Short, we still need to see reversal and confirmation. Stay Tuned ;) If Short will play out, expected levels to revisit 10$, 8$, Open upto 5$.
NYSE:CCLShort
by VikontTrade
4
LONG CCLKeep your trading simple 🚀🚀🚀 Long term bullish - this trade can take some time to unfold. T1 = minimum risk reward 1:1 Mind term target $24.6 - Closing gap. Entry was on the crossover. I would use a smaller position size because of the huge S1 S2 (stopping points). I always leave 1/3 of my position for long term gains - moving my stop to my entry if I need to give room for the volatility or using trailing stop for maximum gains. For maximizing your profits you can use Options. Not a financial advise just my view - trade smart trade safe. Follow me to support my work, Thanks!
NYSE:CCLLong
by DeepGreen