Logic: a close above 50D EMA a positive, suggests intermediate trend pointing higher.
Entry: €17.00
Stop: €10.85 (consider to close immediately in case of negative corona news)
Risk: -23.53%
Target: initial €24.75 gap close, mid €30's realistic longer term.
Gain: 45.59% in 76.74% in second scenario.
Note: Longer term speculative idea; Carnival significantly discounted with strong upside potential upon economic recovery and positive coronavirus-related news.
FYI: bit.ly/2ZWytpO
Entry: €17.00
Stop: €10.85 (consider to close immediately in case of negative corona news)
Risk: -23.53%
Target: initial €24.75 gap close, mid €30's realistic longer term.
Gain: 45.59% in 76.74% in second scenario.
Note: Longer term speculative idea; Carnival significantly discounted with strong upside potential upon economic recovery and positive coronavirus-related news.
FYI: bit.ly/2ZWytpO
Comment:
$24.75 initial gap area entered 8th June 2020. Remains bullish.
Comment:
Failure to close gap and reversal. High risk trade to be kept on a tight stop.