CCL has pretty much retraced the descending triangle that had formed from the 13.60 peak, sorry to say daylef we have seen $12 again!
Volume was up 500k today and alot of that was towards the end of the day, so this could have been the final blowout before we see the sp move up again
Coincidently it broke through all the moving averages to end up on the bollinger band mid range, which should offer some support.
Probably want a high volume up day on monday to confirm.
After sales trading took the SP down to almost 12.90 (12.92) which is the next support. I would expect it to bounce of this to confirm up move and fill in the big white bar from the 6th which is what the stock looks like it wants to do..
Likely to be back around 13.25 by the end of the week (50% retrace)
CCL Price at posting:
$12.95 Sentiment: None Disclosure: Not Held
