Could Carnival Corporation’s stock price rise above $10 per share?
|Today’s instrument is the Carnival Corp.‘s stock traded in NYSE exchange under the ticker CCL.
Looking at the CCL‘s chart, we can see that yesterday its support level was tested at around $9 and closed higher at around $9.20.
On Monday, it is announcing its quarterly earnings and if the market’s anticipation is positive, then we should expect CCL to hold above that support level with the possibility to rise towards the psychological level of $10. On the other hand, it could break down that support level and test its next one at around $8.50.
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