is something afoot ?, page-3

Hi adrunis84,

Nice to see someone else following CCL. I have it in my LT portfolio and a week a go was thinkiing of selling some as I needed some cash. My wife talked me out of it and of course it has gone from strength to strenngth since then. Not bad given the market volatility of the lately.

I'm not much of a chartist compared to others on here but this is my take. I tend to look at the weekly chart for this stock as it is a longer term investment for me...

It appears around the $12.50 mark has been fairly solid resistance since around September 2011. In the last couple of months it has broken above that level and despite some pretty ordinary days on the market $12.50 seems to be a new support level at least for the short term. With the stock breaking out to new all time highs and that new support possibly in place I'm hoping CCL is in for a sustained move higher.

I dont know enough to suggest what that higher level might be so any any suggestion would be a complete guess.

CCL is one of my favourite long term stocks. It is a nice defensive stock in turbulent times and still gains when things are looking brighter. I put together my LT portfolio about 6 months before the GFC. I was only thinking yesterday if I had just put all my "bluechip" money in CCL I'd be doing ok despite the market ups and downs since then.

I'll be watching with you to see where this current little run ends up.