$CCL- Carnival Corporation - Top Daily Gainer (Pennant & Wedge)


$CCL - Carnival Corporation - 4.865% Gainer

1. Macquarie analyst Paul Golding upgraded Carnival Corporation (NYSE: CCL ) from Neutral to Outperform, PT $31.00.
2. Carnival's ( CCL ) Holland America Line Opens Booking on 2022-23 Cruises That Visit Exotic Locales, Ancient Cultures and Untouched Wonderlands

-I'm going to be taking a look at some of the top daily gainers (may throw in some losers occasionally) of the day on their daily charts and posting them here throughout March. This is not advice. Just analyzing price action and patterns.

-I will try to vary the catalysts (analyst upgrades, earnings , clinical trial results, etc.) for the stock moving (if any) and the sector that the stocks are in.

-You'll notice I try to keep my charts as simple as possible. Black background and no grid. I will be focusing solely on price action, patterns, and support and resistance levels.
No moving averages, MACD , volume profiles, Bollinger bands , etc.

Please feel free to comment or leave suggestions. I am always looking to improve. Thanks.


What if you look at the 2 cups as one big cup, handle forming nicely.
+1 Reply
@keith66, I thought the same same thing as well but I ended up charting it as two separate patterns because of how close price came to hitting that 19.37 level in mid September. Maybe I'll try to be more lenient with cups in the future because one big cup did work well in that scenario. Thanks for the comment.
keith66 mgallagher1
@mgallagher1, Hey I'm no expert, was just throwing it out there, may not be feasible to see it as 1 cup. But the pattern fits in. Maybe because I'm long CCL.. Always see the good.. :)
+1 Reply
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