Technical Analysis Of Carnival Corporation

red and blue light streaks

Photo by Maxim Hopman on Unsplash

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 that yesterday its support level was tested at around $9 and closed higher at around $9.20.

On Monday, it is announcing its quarterly earnings and if the market’s anticipation is positive, then we should expect CCL to hold above that support level with the possibility to rise toward the psychological level of $10. On the other hand, it could break down that support level and test its next one at around $8.50.

(Click on image to enlarge)

AAATrade's Intraday Technical Analysis of Carnival Corporation - 24/03/2023

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