Consistent rejections can be seen along the 2.618 circle line (red hammers) Drawing the major trend line we can see bottom formations continually forming a long here Right now the bottom formation present is more reliable than ever due to its placement in relation to 1.618 fib A double bottom will form on this Weekly chart and reject upwards
@Bixley , is it a good time to double on CCL or wait for further correction?
Bixley
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@Topstyle999, The entry is risky, you're betting on whether price will sharply rise, as it has previously following drops like this. On a wider view its in a sort of downtrend, which does not support a buy at all. The timing will have to be done expertly or very luckily for success
Topstyle999
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@Bixley, I feel sad on this ticker, i was in at 21.31 with 1600+ qty and now its over 50% in losses. Trying to identify where to average and leave this ticker forever
Sandip7619
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What price you can anticipate in next few weeks? Thx for any advice
mikejons998
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@Sandip7619, Think we see all time lows @ $7.80 from there it's all about what the company does as a going concern.
keith66
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Why even chart a stock that's $3 off its all time low. You have 1 decision to make and that's if it's going bankrupt. If yes don't buy, if not then buy it long term. Don't need a chart to see if this is a buy or not.
Topstyle999
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@keith66, Do you think they will go bankrupt? It's leader in Cruise industry and stronger Balance sheet then it's competitors
mikejons998
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@Topstyle999, Maybe not bankrupt, But some kind of restructuring has to be a possibility now.