Today’s instrument is Carnival Corp.‘s stock traded on the NYSE exchange under the ticker CCL.
When we look at the CCL ‘s chart, we see the fall from the $19 range on the 23rd of March into the $18.20 and the formation of support around the $18 range, followed by consolidation and the spike up from the $18.40 to the high of $19.41 during yesterday’s session, closing the day in strength. It was last found trading at $19.41, having the closest support level at $18.5 and a longer-term overhead resistance level at $20.70.
Today we can expect a move towards $20.70 challenging the longer-term resistance as the momentum is positive.
If however, it doesn’t manage to hold on to the current level a move towards the $18.5 support level can be expected.
(Click on image to enlarge)
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