fjack1928

CCL - Possible Trade Set-Up

fjack1928 Updated   
NYSE:CCL   Carnival Corporation
Howdy Traders!

I just wanted to share a possible trade set-up I found on CCL when looking at the 4hr timeframe. If done successfully, this set-up could return about 7.5-8%. The exact direction of this trade however, is not yet known.
Comment:
It currently seems like CCL has broken out of the top level which it used as resistance. Depending on how it preforms today, a decision could be made as to what further action will be taken.
Trade active:
CCL has confirmed the break-out from the parallel channel it created. The price target for the trade is around $13.51.
Trade closed: target reached:
The bullish push has succeeded, and profits were taken. Congratulations traders!
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