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CARNIVAL CORP

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CVC1 trade ideas

This looks badThe Carnival Corp. is in the focus of many investors and traders. This can be seen in the significant increase in volume since 2020. The idea of the most behind it, is very simple. The stock was significantly punished by the Covid 19 pandemic and "must" rise again when Corona is over. Basically not a bad idea... BUT... Investors should rethink their idea, because nobody expected it to take so long to fight the virus. Although it is foreseeable that the virus will be less present, this does not immediately mean that the "ships will resume full speed". If you also look at the chart from the perspective of technical analysis, it becomes clear that the rise in 2020 is only a correction of the downward movement. It also shows that Carnival Corp. was already in a downward trend before Corona. Investors should therefore pay attention. For me, this stock is only an alternative again if there is a clear rise with massive volume and at the same time a breakout out of the channel. Going by volume, the market considers the stock to be fairly valued at around $15. CAUTION!
NYSE:CCL
by Ichimoku-Trading
$CCL- To $40 or back to $18?Carnival Cruise Lines shares have seen pretty steady growth after crashing in March of last year. this growth could soon come to an end. Shares recently touched very important fib resistance and saw a small pullback since. Either this pullback takes us back to the $18 zone, or we break this resistance level and it becomes new support. Personally, I think the resistance will hold, what with rising worries about COVID-19 variants and upcoming earnings. However, there is the possibility that we see the $40 zone within the next two months. Leave a like and comment your thoughts :) Good Luck!
NYSE:CCL
by Investor4321
1
Where CCL will be when the dust settles. I've heard that CCL will hit a short term wall... Yes, it seems like it has hit that wall. The question is will it bust through? Most other stocks have recovered to pre-covid levels except the cruise lines. There are some obvious reasons to be concerned, especially if we see another spike that prohibits travel and leisure this summer. However the way things are looking, it seems that is not going to occur. In my opinion looking at a longer term trajectory, CCL should be trading between 40 and 60 per share. They have been able to use this time to make their industry more lean, and they will use that to their advantage as they recover.
NYSE:CCLLong
by seanreynoldscs
2