GoNoGo Trend change for Carnival Corp!
Could it be? Could the trend be changing for Carnival Corp.?
After a precipitous crash due to the Coronavirus global pandemic, the cruise ship company has been floundering in a low volatility sideways correction since the end of March.
The GoNoGo Squeeze is really on, with the indicator climbing to its extreme a few times during this consolidation. Currently, the GoNoGo Oscillator is riding the zero line and for the first time since January we see a pale blue “Go” bar on the price chart.
Given the situation, I’d like to see the Squeeze end with the oscillator rallying strongly off zero to confirm the new “Go” we see in price.
The GoNoGo Squeeze is really on, with the indicator climbing to its extreme a few times during this consolidation. Currently, the GoNoGo Oscillator is riding the zero line and for the first time since January we see a pale blue “Go” bar on the price chart.
Given the situation, I’d like to see the Squeeze end with the oscillator rallying strongly off zero to confirm the new “Go” we see in price.
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