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digital_precision

Carnival Cruise Line is sinking fast! - CCL

Short
Carnival Corporation (NYSE:CCL)  
digital_precision Updated   
NYSE:CCL   Carnival Corporation
Trend Analysis Chart Patterns Technical Indicators
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13
trendanalysis chartpattern indicator
Who loves cruises? Me! Who loves money? Me! Such a dilemma. Still, the evidence is all over - Carnival is a terrible investment. Don't believe me? Goto Finviz.com and look up the financials on this thing. They only survived the pandemic by taking on a lot more debt, and very expensive debt at that. The technical aspects of the chart are bad.....and the fundamentals are bad. If you want to invest in a company that has a -50% ROE (Return On Equity) that is your prerogative.....but I wouldn't recommend it. Now that all the speculative dollars injected into the markets are getting called back it means not even the MEMEsters will gamble on this thing. Join the 10% that is already shorting this thing and send it down to the abyss!
Trade active:
It bounced perfectly off of the top of the regression channel and is now free falling towards the bottom. Consumer discretionary is going to get CRUSHED. Why? Here's why - www.tradingview.com/...-we-re-peering-into/
Comment:
Closed short pre market today at $13.63. Think a bounce is coming. 33% profit on trade. Tried to tell you guys that this thing was going down.
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