Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Cruise line industry was extremely oversold
-US stimulus bill might not include major cruise lines as they're not incorporated in USA
-May 04 2020: Will open 8 ships for business on August 1rst
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Runner
-Levels: 14, 14.3, 14.65, 15
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 13.65 level
Confluence: N/a
Strike Zone: 14.65 - 14.5
Sizing (lots): 2
Risk (stop / Rs): Hold below 14.5
Review / Lessons Learned
Followed my plan and took the loss even after adding an emergency lot.
Cruise lines were significantly weaker than SPY during this move.
In hindsight I could have added at the 14.3 support again and used that as my stop (using bottom support of channel).
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-18 14:08:45 | CCL | buy | $14.695 | long |
| 2020-05-18 14:09:18 | CCL | buy | $14.670 | long |
| 2020-05-18 14:09:18 | CCL | buy | $14.670 | long |
| 2020-05-18 14:09:18 | CCL | buy | $14.670 | long |
| 2020-05-18 14:17:44 | CCL | buy | $14.510 | long |
| 2020-05-18 14:21:30 | CCL | sell | $14.420 | long |
| 2020-05-18 14:21:30 | CCL | sell | $14.420 | long |
| 2020-05-18 14:21:30 | CCL | sell | $14.420 | 0 |
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