Chart of the Day: Carnival Pushes a Key Level

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Carnival has been stuck in the doldrums since last summer, but now some traders may think it’s ready to cruise higher.

The first pattern on today’s chart is Friday’s last price of $12.18. While the level was slightly below February’s peak, it was the highest weekly close in a year. That could make traders expect a breakout if CCL manages to inch further upward.

Second, there could be …

For more, please click here to view the related idea and chart analysis on TradingView.

Carnival (CCL), daily chart with selected patterns and indicators, courtesy of TradingView.
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