Big Diamond Pattern Atop Carnival Cruise Corp
When forecasting you have to take a lot of information into consideration, you have to also find the needed information to make a forecast.
What we know in the short term, Carnival Corp CCL, average analyst stock price estimates post Q2 earnings - June 28 - was $60.50 and high estimate for 2016 of $80. Brexit...
Taking this 5R long here for 3 primary reasons:
1. Net exposure is to the downside, this looks like a nice counterbalance with oil in the dumps
2. Active weekly RE Buy after a RE from the 15W mode
3. Price has pulled back to a key earnings level, with another one $1.50 below it,
which should act as a level where strong buying pressure will arrive.
GL!
CCL Long
Entry Price - $36.00 - $36.50
Target - $37.50
Daily stochastics oversold price action in high trough than previous
High selling volume but not much decline
