In spite of CCL's near term revival, I believe that it is still a long term short. Look at the next few quarters as an opportunity to grab short positions for a discount.
Recession pressures will dampen earnings and the increasing cost of crude oil will deal a serious blow to CCL as it has done previously.
Personally I am looking to open a short position end of Q3, CCL tends to post strong Q3 numbers as they see some of their highest volume during the summer.
In the near term I see CCL as a potential swing trade. Definitely take advantage of the run up that seems to happen prior to each earnings, but be aware that CCL has historically dropped off the days following.
Recession pressures will dampen earnings and the increasing cost of crude oil will deal a serious blow to CCL as it has done previously.
Personally I am looking to open a short position end of Q3, CCL tends to post strong Q3 numbers as they see some of their highest volume during the summer.
In the near term I see CCL as a potential swing trade. Definitely take advantage of the run up that seems to happen prior to each earnings, but be aware that CCL has historically dropped off the days following.
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.