Potential NCLH Take Profit Positions

The NCLH Chart looks to follow a similar trend as to that of airlines such as UAL, suggesting they are probably reacting in a similar manner (Technically) during this crisis, as seen from superimposing the two. A gap up has occurred today which could signify the potential of a bull rally today, yielding a good sell opportunity as we await the next dip. The RSI is around the 60 region, suggesting there is still room left before heading into the overbought region. The TD Sequential has a current count of 4 on the bull side, suggesting that the short term bull trend is not near exhausion and finally, the MACD is diverging suggesting that the bullish pattern will continue in the short term.

Take profit trigger region is around the 25.5+ price level, around 130%+

This is for people going short or day trading, if going long take this with a pinch of salt.

Possible downsides:
- The trend may consolidate of potentially drop as there are still second wave fears and cruise lines are not in demand at the moment. This is mostly technical, hence you should watch out for any other changes in the fundamentals
Chart PatternsTechnical IndicatorsTrend Analysis

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