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JSAL
May 15, 2023 5:03 AM

CCL, clearing pathway for an UPSIDE reversal.. Long

Carnival CorporationNYSE

Description

CCL is registering notable buying volume at the current price range. Accumulation for an upside valuation is certainly apparent.

Key notes:
- Weekly downtrend line break.
- Weekly histogram higher lows creation
- Significant Net buy / accumulation

Expect some price growth from the current price levels of 9.0

TAYOR
Safeguard capital always.

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Some Fundamental news for reference:

Quarterly financials
FEB 2023

(USD) Feb 2023 Y/Y
Revenue 4.43B 173.14%
Net income -693M 63.35%
Diluted EPS -0.55 66.87%
Net profit margin -15.63% 86.58%
Operating income -171M 88.48%
Net change in cash -546M 78.37%
Cash on hand - -
Cost of revenue 2.57B 74.98%

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We got a breakout.

Up by +50% so far.

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Still going. Price at almost X2.

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MACRO VIEW - 6-MONTHLY DATA: THE SIGNAL IS UP! CCL will SAIL FURTHER UP!

6-MONTHLY HISTOGRAM SHIFT AFTER 13 YEARS! BIG HINT!
MASSIVE PRICE and VOLUME SURGE

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After the massive surge recently, a healthy correction is warranted. And that part is on the verge of conclusion. Ascend continuation next.

Spotted at 15.0

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prepping for a retest of 20 range.



TAYOR.

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Ascend continuation eyeing 20.0 target.

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UPSIDE CONTINUATION.

This is preppin for a good ascend soon with target set at X2.

TAYOR.

Trend Line

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STRONG BUY.
This is eyeing 20.0 soon.

TAYOR.

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so far so good.
Moving based on expectation.
More rise to go.
Comments
Princesslv
Are you buying more?
JSAL
@Princesslv, I'm still holding my original position -- seeded below 10. I feel there's more room to grow for CCL. Monthlywise, it's in initial uptrend shift.
Princesslv
@JSAL, thank you. I want to buy some of this stock. Should I wait for it to retrace to $12?
JSAL
@Princesslv, You can do it in tranches, not go all in at once. It's hard to tell where it would correct temporarily. That 'buy in tranches' approach will make you comfy -- if it gives you more discount it's a signal to augment holdings (as long as it's not leveraged).
Princesslv
@JSAL Thank you
Princesslv
It didn’t retrace yet
JSAL
@Princesslv, Yep, overextended gains happen -- when there's a long term 'shift'.
Princesslv
@JSAL look like it is going to $20 soon!
Princesslv
I just bought 2,000 shares. I want to buy 5,000 or more shares if it goes back under $13
JSAL
@Princesslv Good plan. :)
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