Trade ideas
Carnival Corp Long Term PlanAlthough Carnival Corp was one of the most effected companies by COVID and closed 2020 with a $2.2 Billion net loss. However they finished the year with $9.5 Billion in liquid cash. Which is enough to survive 2021.
Add to that the distribution of the vaccine and the multitrillion stimulus plan would both play a key role in pushing the price into higher levels.
In term of technicals, the price has been traded in an ascending triangle for the past 10 months. And I believe it's now in an accumilation zone.
I expect by breaking above $24 neck line the price will be heading towards the pre pandimec levels at $42.
This is not a financial advice. Do your own research and have a good day all 🙏.
Carnival Corp. Long Term PositionAs the chart shows, the price is being traded in an ascending triangle for the past 10 months. And according to the analysis the price now in an accumilation area.
After the breakout the price is targeting $42 which is the pre pandemic levels.
In term of fundamentals, the company was one of the most effected companies by COVID. So the distribution for the vaccine and the multi trillion stimulus plan will both play a key role in pushing the price higher.
It is not a financial advice. Make sure to do your own research and have a good day all 🙏.
CCL Wave 5Surprisingly Carnival Cruise popped up on my scanner and has a good Elliott Wave count. The ABC correction is following parallel channel and demand zone lines up with the mid-line of the parallel channel. Wave 2 and Wave 4 are alternating and the 0.382 lines up with the demand zone. Looking for a play after earnings report this week.