CCL Carnival Corporation, Too cheap? Bullish candles
Price broke a resistance, and the difference between the other breaks, is that one are followed by a DMI and ADX confirming Long, The fast SMA have already crossed the others moving averages, increasing the idea of a continuation of price rising
With the cut in interest rates, and earnings in 11days, I think this will be a great price to buy.
With the cut in interest rates, and earnings in 11days, I think this will be a great price to buy.
Note
After economic shocks,
CCL always recovered more than $20, usually in a 2years time
2022 the low was $6.11, right now after 2 years, the price is currently at $18.97.
Note
Today the wick reach 14,6% fibonacci level, and changed direction moving again to close to $18,74.
And the volume today wasn't big enough to keep
CCL falling, translating in a probability of bullish signal, since September 10th the volume is increasing as well as the price.
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Follow the social network, free telegram link: t.me/afcapital21
Instagram: afcapital
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.