Aug. 5 at 2:11 AM
$NCLH after the decline that I had discussed previously... NCLH usually bounces 30–60% of the decline
The next important areas are:
$20.13 (0.618 retracement)
$20.62 (0.786 retracement)
$20.70–20.80 (major resistance / gap area)
$21.00–21.25 (where sellers previously overwhelmed buyers)
What history would suggest
From the scenarios we reviewed, the bounce usually falls into one of three buckets:
Scenario 1 – Most likely
Price struggles between
$20.00 and
$20.60 for several sessions.
Then either:
pulls back to
$19.40–19.60, or
builds a base before another attempt higher.
That would actually be a healthy development because it lets the moving averages catch up.
Scenario 2 – Bullish
If NCLH closes decisively above
$20.60–20.70, then I'd start looking toward:
$21.00
$21.25
eventually filling the remaining upper gap.
This would mean buyers absorbed the post-earnings selling much faster than expected.
see comments..
