NYSE:CCL pierced double top horizontal line and the parallel channel. Price is to far away fro the 20 day moving average. This is going to pull back any day.
Carnival has been stuck in the doldrums since last summer, but now some traders may think it’s ready to cruise higher.
The first pattern on today’s chart is Friday’s last price of $12.18. While the level was slightly below February’s peak, it was the highest weekly close in a year. That could make traders expect a breakout if CCL manages to inch further...
CCL is Double Bottoming with some very distinct Bullish Divergence on the Monthly Timeframe on both the MACD and RSI and it also has a Lead-In trendline that goes all the way back to 2018. If it breaks above this trend line then it will begin the BARR Breakout which could then take it above the Neckline of the Double Bottom and BAMM us up to the 0.886 Retrace up...
With Memorial Day weekend approaching, the summer season is set to kick off and in turn the cruise line season. One of the cruise line stocks that are well-positioned to become a major winner this summer season is Carnival Corporation & plc (NYSE: CCL). Over the past years, CCL stock has always made a summer run extending through June till August and this summer...
A price action above 9.50 supports a bullish trend direction.
Further bullish confirmation for a break above 11.00.
The upside target price is set at 13.50.
The stop-loss price is set at 9.50.
Recently crossed above its 200-day simple moving average.
It will appear that a rounding bottom pattern might be developing, which can signal upside potential.
Trade may...
I'm in shares. 3,600. I like this candle, I like the bounce. I'm in long. GOOD VOLUME on the stock.
Covered call prem is bleh... Buy low, sell high. I'll likely exit around $11 or $12
In spite of CCL's near term revival, I believe that it is still a long term short. Look at the next few quarters as an opportunity to grab short positions for a discount.
Recession pressures will dampen earnings and the increasing cost of crude oil will deal a serious blow to CCL as it has done previously.
Personally I am looking to open a short position end...
#CCL $CCL is again looking good for another ride up. Its currently right below 200DMA and inside an ascending triangle.
Target 1 - $10.55
Target 2 - $11.44
Risk - fall to $7.53 and below
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Trade is done when it hit one of the target or stop loss is hit.
Disclaimer: Trading note. Not an investment advice.
CCL watching this drop. nice run up for the Shoulder Reversal for this Inverse HNS Potential Breakout. This is a long journey. watch your levels and confirmation up.
