Norwegian Cruise to get back above water?

20 Mac 2023

When's the last time anyone has looked at cruise lines?

I remember back in 2020 cruise lines were the "value trade". It worked for a while after the pandemic drop... the price of these stocks recovered. NCLH did a recovery back to the 50% Retracement Resistance of the drop itself... but could not quite get its head back above water. Yet another in a long list of examples of why 50% Retracements are so powerful.

The price action over the last year has setup higher lows and higher highs. This gives some confidence to a true recovery.


This morning I was alerted to the stock by an opening 30 minute price spike and false breakout of the last week's range. This sets up a good reward/risk trade with an entry at 12.51.

5 Jun 2023

Dagangan aktif

A small sign that the recent rally in the broader stock market is turning. NCLH has already hit and passed my initial trade target. Trimming some profits today.