While the airlines have been struggling on either side of the pond, the cruise lines are not showing the same uncertainty.
$CCL is now testing its ascending triangle breakout level now at $19.60 and a flip of this level to support could see a strong move higher.
We have Wave 3 as always at the 1.618 Fib at $32.55.
Comfortably above its 50 and 200 Day MA now with a golden cross too.
With the uncertainty in the travel sector, I suggest waiting to add until $19.60 becomes a support level.
Viki
2024-07-23 15:39:55 +0000 UTC