NCLH trade ideas
$NCLH Norwegian Cruise Line Anchors up. ⚓🛳
Stock has moved above June Pivot and into a zone of low volume resistance.
Potential long above $29.00 or a riskier entry above Fridays high $28.00
Target to Fib resistance $33.39.
Vaccine news is a major boost to the industry .
The industry has not had the excessive cash burn like the Airlines.
Was a very profitable sector pre pandemic, unlike the razor thin margins which airlines endure.
Cup and HandleNCLH is trying to hit long entry level and has formed a cup and handle pattern..it has been a "Long and dark" year for cruiselines..
Will folks ever travel again or are we stuck in 2020 for the rest of our lives? I sure hope we are not! 2020 has to end on January 1st..or does it?
Cup and handle targets are based on cup depth and price must hit long entry level to be valid..this is an intra-year cup and handle pattern..
Not a recommendation
Possible stop below 19.70/Mid cup
NORWEGIAN CRUISE LINE HLDGS View DailyHey traders, NORWEGIAN CRUISE LINE HLDGS is in a bullish movement with a large buy volume traded and a hammer candle shape. The TIMFRAME shows a hammer candle shape with an abnormal sell volume it leaves on its last low point to turn around. Big possibility of breaking out the price then then testing the consolidation zone. It can be breakout for validation. And land in the top one then go to the top after a bearish breaking gap will be filled (See TIMEFRAME H1. Which corresponds to the symbolic figure of 24.00. And if there is a buying momentum, test the high which follows: Invalidation of the intermediate median of the ANDREWS PICHTFORK.
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Why I am not attracted to cruise lines operators, for now ?A follower wanted me to cover this stock. Here it is.
From a high of 55 dollars in Jan 2020, it skydive down to a low of 7.24 in Mar 2020 before recovering slowly to the current price of 16.10.
Without looking into the numerous customers asking for refunds, going zero revenue for a year and having to raise additional capital ,etc, this sector, imo is not out of the woods, yet.
Yes, I agree that the price is indeed low and may appear attractive to some investors at current price and if there is a rebound in this industry, we can expect to see higher prices. At a time when the global market is feeling the uncertainty from job losses, some cities remain shut down, etc, people would not be in the mood to go for such leisure travel at least for now. They would want the "air" to be clear and ensure it is truly safe to travel before considering taking up.
Be it a family trip, company events, theme parties, etc, group bookings are adversely affected in the tourism industry, bring many travel agencies to their knees and bankrupt.
You can see from the blue box that price action is stuck in a range for several months already and this may go on till early next year.
Those who are keen to pick this sector must be prepared to hold for a relatively longer time frame to see decent results.
hope this helps.
NCLH - First Stop $22The first thing is that we are in uptrend and thats good. The second thing is that we have support levels 50D moving average at 15.82 and 100D moving average at 15.97
I hope we clear the 0.702 retracement level soon.
We will soon get a good news about COVID-19 vaccine and after that we will get another news about reopening of cruise ships, then the stock price automatically will be around 33.
