Carnival Cruises Tech Analysis

8 Mar 2020

I am seeing potential upside for Carnival Cruises. Entry in the low 20's would be a better choice than current price levels. I've intermixed fib.retracement with resistance levels to highlight key prices that will likely see large volume trading. I have also outlined retracement levels to levels before the COVID-19 Coronavirus scares. I recommend entering around 21/22 to limit your downside potential. That being said however, entering around current levels could be lucrative . From current levels market volitility, and short interest , I can see CCL hitting 32.85 in 1 - 2 months and $42.5 by the end of the summer

Cheerio,

Alex Lorenzo