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RizeSenpai

Carnival Cruise Line: Bump and Run Reversal Bottom

Long
Carnival Corporation (NYSE:CCL)  
RizeSenpai  
NYSE:CCL   Carnival Corporation
Harmonic Patterns Technical Indicators Chart Patterns carnivalcruiselines barr bumpandrunreversalbottom Double Bottom Bullish Divergence BAMM 886 Fibonacci Retracement
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harmonicpatterns indicator chartpattern carnivalcruiselines barr bumpandrunreversalbottom doublebottom bullishdivergence bamm 886fibonacciretracement
CCL is Double Bottoming with some very distinct Bullish Divergence on the Monthly Timeframe on both the MACD and RSI and it also has a Lead-In trendline that goes all the way back to 2018. If it breaks above this trend line then it will begin the BARR Breakout which could then take it above the Neckline of the Double Bottom and BAMM us up to the 0.886 Retrace up at $59.65. I personally am trading this via the 2025 LEAPs at the strike price of 10 dollars though i may also get other long dated calls at different strikes later on.
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