Hello Traders,
Today I am analyzing CCL and how it is going to find some sinking action in its price...We had a triple top on the upper trendline moving price down to break the bottom trendline as well as the neckline of the triple top...Price bounced off the top of the 2nd GAP down and created the first GAP above it to retest the bottom trendline...It has since failed that bottom trendline more than likely heading to some lower prices...We are sitting on some pretty important neckline support from today but will see where this goes in the coming days...IF we break the neckline tomorrow we definitely move down to start filling GAPS...I can see price on this falling down to the 13.90ish area which also aligns with .618 fib...I am in a short position on this stock and look for scaling out at each price target...What are your thoughts????
Happy Trading!!!!!!
Today I am analyzing CCL and how it is going to find some sinking action in its price...We had a triple top on the upper trendline moving price down to break the bottom trendline as well as the neckline of the triple top...Price bounced off the top of the 2nd GAP down and created the first GAP above it to retest the bottom trendline...It has since failed that bottom trendline more than likely heading to some lower prices...We are sitting on some pretty important neckline support from today but will see where this goes in the coming days...IF we break the neckline tomorrow we definitely move down to start filling GAPS...I can see price on this falling down to the 13.90ish area which also aligns with .618 fib...I am in a short position on this stock and look for scaling out at each price target...What are your thoughts????
Happy Trading!!!!!!