High risk? Yes. Massive growth potential? Worth it, in my opinion. This will get a chunk of change for a long term investment.
Welcome to my first IDEE ! We are currently on an upward trend, which is within 2 significant trend lines. Carnival has suffered a heavy loss as a result of the Corona crisis and has to suspend the voyages until further notice. The stock reacted with a slump of about 80% !!! However, Carnival benefits from the Saudis as new investors and the cheap oil price....
#Doublebottom is forming for #Carnival if it holds above $19.14
At every whole number you add shares that you are comfortable trading with and hold for few years. 1:4 risk/reward ratio. You enter with a small position. If you like this analysis please like, thanks. All opinions are welcome. BlackStock
Dates in the future with the highest probability for price direction reversals
Dates in the future with the highest probability for price direction reversals
Dates in the future with the highest probability for price direction reversals
adding longs in this territory will keep updated
CCL had a good run since since 2014 but is flat-lining at the tail end of an extended ABCD formation. High of c.$73 was a stretched 138.2% CD extension with price action range bound since Sep 2017. CCL and competitors have been aggressively adding capacity over the last few years which you would expect severe operational deleveraging in the event of a dry spell....
MoneyHour$-Breather signals a Buy for CCL - always use a Stop Loss with 8% and wait for Sell signal of my Breather My Market Breadth calculation shows a positive (green) environment
Downtrend: wave 4---> wave 5 to complete around 45.75