How to Develop Trading Plans for Carnival #CCL and other Stocks

May 11, 2021, 01:00 am ET, BY Tom S. - Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

According to Stock Traders Daily, a 20-year industry veteran, #investors can use the #priceaction in  Carnival (NYSE: CCL) to foretell upcoming changes. A current example is provided below.  There are trading plans for CCL, but the data on this page does not update in real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports. 

Technical Summary

Term →Near Mid Long
Rating Weak Neutral Strong
P1 0 0 22.66
P2 26.05 25.75 26.15
P3 26.81 26.99 30.40
⚠Triggers may have already come
Support and Resistance Plot Chart for CCL

Long Term Trading Plans for CCL

May 11, 2021, 1:00 am ET

The Technical Summary and Trading Plans for CCL help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this CCL Report.

CCL - (Long) Support Plan

The technical summary data tells us to buy CCL near 26.15 with an upside target of 30.40. This data also tells us to set a stop loss @ 26.07 to protect against excessive loss in case the stock begins to move against the trade. 26.15 is the first level of support below 26.27 , and by rule, any test of support is a buy signal. In this case, support 26.15 is being tested, a buy signal would exist.

CCL - (Short) Resistance Plan

The technical summary data is suggesting a short of CCL as it gets near 30.40 with a downside target of 26.15. We should have a stop loss in place at 30.49though. 30.40 is the first level of resistance above 26.27, and by rule, any test of resistance is a short signal. In this case, if resistance 30.40 is being tested, a short signal would exist.

Blue = Current Price
Red = Resistance
Green = Support

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