Big Monday for CCL
Updated
So I've been watching CCL for a minute
As we know the cruise industry is in a little bit of a panic but CCL has been able to stay afloat
So I have my support resistance lines as follow
14.64 Resistance
13.66
12.27
11.91
11.51
10.98
10.59
7.88 Lowest support
Now I'm still learning how to use EMA, MACD, and Fibonacci retracement, but I do understand that with a Symmetrical Wedge pattern it gets to a certain pressure point and from there it can go either way.
If you have any indicators that could of help with pinpointing which way CCL is going to go I'm all ears, but as of now even though the market has been choppy and crazy I'm basing it off the news and the rest of the cruise industry we are going for a bearish downtrend when we break this wedge.
- Lu
As we know the cruise industry is in a little bit of a panic but CCL has been able to stay afloat
So I have my support resistance lines as follow
14.64 Resistance
13.66
12.27
11.91
11.51
10.98
10.59
7.88 Lowest support
Now I'm still learning how to use EMA, MACD, and Fibonacci retracement, but I do understand that with a Symmetrical Wedge pattern it gets to a certain pressure point and from there it can go either way.
If you have any indicators that could of help with pinpointing which way CCL is going to go I'm all ears, but as of now even though the market has been choppy and crazy I'm basing it off the news and the rest of the cruise industry we are going for a bearish downtrend when we break this wedge.
- Lu
Note
Sorry forgot to mention this off the 4hr chartNote
12.74 we have broken the wedge and gon bullish my next target is 13.15-13.66 if this continues.*NOT FINANCIAL ADVICE*
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