NCLH trying to find the next move
Atm cruise lines are the talk of the hour and are the new SPCE stock to trade during this marketcrash, so puts, calls, buy the stock, or wait with cash? Its hard to say, but theres too much negativity in the news with the virus and doesn't look great.
News
CCL says they have an increase in customers for 2021, yet most of those customers are just trips that are being "refunded for 120%" with 20% as "extra perks," which is just them trying to hold the cash customers already spent.
WHO is getting funding cut due to them not reporting the cases correctly.
China is apparently getting the second wave atm, yet not much news on that.
Banks earning down, not surprising, yet they are getting stricter on loans for new houses. Less money to loan out.
Now TA on NCLH
ATM we are still in a downtrend and bump off of the 50ema
Support is at the 50ema atm with 11.42 as a trading support, which if broken we could see that low $10 trading range. With 8ish as a pretty good bottom.
Resitence is the downtrend line along with 12.84
Volume today has been dropping as we been going up slightly after opening in the red.
I stay short and believe we are going to go lower as theres is no confirm data of reopening due to the latest news on the WHO and CDC pushing for another 100days without sailing and could just close up for the rest of the year. Take profits where you can and wait it out due to the high volitility.
News
CCL says they have an increase in customers for 2021, yet most of those customers are just trips that are being "refunded for 120%" with 20% as "extra perks," which is just them trying to hold the cash customers already spent.
WHO is getting funding cut due to them not reporting the cases correctly.
China is apparently getting the second wave atm, yet not much news on that.
Banks earning down, not surprising, yet they are getting stricter on loans for new houses. Less money to loan out.
Now TA on NCLH
ATM we are still in a downtrend and bump off of the 50ema
Support is at the 50ema atm with 11.42 as a trading support, which if broken we could see that low $10 trading range. With 8ish as a pretty good bottom.
Resitence is the downtrend line along with 12.84
Volume today has been dropping as we been going up slightly after opening in the red.
I stay short and believe we are going to go lower as theres is no confirm data of reopening due to the latest news on the WHO and CDC pushing for another 100days without sailing and could just close up for the rest of the year. Take profits where you can and wait it out due to the high volitility.
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