RCL experiencing declining volume, and being highly leveraged in a tumultuous macro environment leads me to believe this recent rally in price will struggle to overcome the strong resistance zone of 93-99 a share.
Retreat back to 65 support seems probable in the intermediate term.
As always, this is not financial advice. Good luck!
When's the last time anyone has looked at cruise lines?
I remember back in 2020 cruise lines were the "value trade". It worked for a while after the pandemic drop... the price of these stocks recovered. NYSE:NCLH did a recovery back to the 50% Retracement Resistance of the drop itself... but could not quite get its head back above water. Yet another in a...
Carnival is at March 2020 prices and I think it's an amazing longterm buy if you can be patient. Beautiful Megaphone in play. If you don't think it's going to die out it's definetly on an extreme oversold area.
May I keep this short and sweet? Okay, good. The price of CCL has reached 1990's levels and 'pandemic' lows. This is a bit overdone in my opinion. I shall begin nibbling from here.
Carnival Corporation is the world's largest travel company, founded in 1972. Today it is the leading cruise operator serving nearly half of the world's cruise travel market. Has a global presence in North America, Australia, Europe and Asia. It operates a fleet of more than 100 ships and owns a portfolio of leading global, regional and national brands of economy...
With the increase in cases for the delta variant to coronavirus, the question remains: will certain industries suffer again and will their stocks fall?
In the case of Carnival Cruise Lines (one of the larger cruise lines by market cap) my prediction, short and sweet is yes, yes their stock seems poised to fall.
Looking at the 5 year chart for $CCL NYSE:CCL and...
So I did a bigger picture and yes normally our focus is on penny stocks. But that also involves looking at broader trends. So, travel and leisure penny stocks, for instance. Sub $5 stocks like TRVG LTRPA and AHT are all at "risk" of pressure from negative sentiment in larger market trends. CCL has been somewhat a bellwether for certain travel & leisure...
