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PaperBozz
Dec 27, 2023 4:48 AM

$CCL - Has potential but I will wait. Long

Carnival CorporationNYSE

Description

NYSE:CCL Carnival Corporation looks like it just broke out of a triangle and consolidating around 50% Fib resistance.

Even though it has further upside potential, I would wait for a pull back before taking a position as it is overbought and MACD is about to do a bearish crossing.

Upside targets:
$21
$26
$31

Downside Risk:
$15 - $12
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