TBITrades
08-20

$Carnival(CCL)$ I will be writing an article on this stock in the distant future.

The chart reminds me of $Coupang, Inc.(CPNG)$ before it broke out of multi-year resistance. 

I'm starting a position in the 15s with an eye on the 30s. I will be adding this over the next few months on any weakness as the accumulation patterns on it are too good to ignore.

While tail risk events from transmittable diseases could derail short-term upside, the longer-term outlook should be clearer.

On the weekly, we see a Stochastic crossover occurring, although the daily is running into overbought and could see sideways/chop in the short term while pushing higher on the weekly. 

In a market nearing seasonal weakness, CCL provides a decent r/r.

@TigerStars  



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Comments

  • zippyzo
    08-20
    zippyzo

    Good signs, today volume half 30 day moving average, stock up small, nobodies, selling good signs

  • JackPowell
    08-20
    JackPowell
    Great analysis
  • Kashcash
    08-20
    Kashcash
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