Carnival Corporation: Expected To Drop Towards The Level Of $7.50-8

Today’s instrument is Carnival Corp.‘s stock traded on the NYSE exchange under the ticker CCL

Looking at the CCL ‘s chart, we can see yesterday’s sharp fall to the support level at around $9.

Today CCL is announcing its quarterly earnings and if the market’s anticipation is worst than expected, then we could expect its price to fall towards the level of $7.50-8 otherwise it should test its resistance level at around $9.70.

(Click on image to enlarge)

Carnival Corporation

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Seeking Alpha Reader 1 month ago Member's comment

Come on man! 😂