Carnival Cruises Tech Analysis
I am seeing potential upside for Carnival Cruises. Entry in the low 20's would be a better choice than current price levels. I've intermixed fib.retracement with resistance levels to highlight key prices that will likely see large volume trading. I have also outlined retracement levels to levels before the COVID-19 Coronavirus scares. I recommend entering around 21/22 to limit your downside potential. That being said however, entering around current levels could be lucrative . From current levels market volitility, and short interest , I can see CCL hitting 32.85 in 1 - 2 months and $42.5 by the end of the summer
Cheerio,
Alex Lorenzo
Cheerio,
Alex Lorenzo
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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.