Long Carnival Cruise Lines
Updated
So this is another overly sold stock that cannot be burned . I have puts and longs. Of course the longs are bigger than the puts because i believe that in the longterm this will go back up. Good risk management ensures that you never lose. The only way i lose on this stock is if it goes sideways for 6 months. Otherwise id say this is a safe bet. My hope is that this can break out to the next fib level, at which i will take profits and fine tune the charts.
Note
trade closed 13% move. im not too greedy with my trades especially when im trading with margin . The short timerframes suggest that this will return to support which im trying to figure out where that is
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