Logic: a close above 50D EMA a positive, suggests intermediate trend pointing higher. Entry: €17.00 Stop: €10.85 (consider to close immediately in case of negative corona news) Risk: -23.53% Target: initial €24.75 gap close, mid €30's realistic longer term. Gain: 45.59% in 76.74% in second scenario.
Note: Longer term speculative idea; Carnival significantly discounted with strong upside potential upon economic recovery and positive coronavirus-related news. FYI: bit.ly/2ZWytpO
Comment
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$24.75 initial gap area entered 8th June 2020. Remains bullish.
Comment
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Failure to close gap and reversal. High risk trade to be kept on a tight stop.