CCL forming descending triangle. Signals continuation of decline
The horizontal support and decreasing peaks show the reducing support for CCL.
This indicates that the previous downtrend will continue. Media and public negativity of cruise lines, in addition to the recent CDC cruise ban may accentuate this pattern.
Recommendation: Short to ~8.50
This indicates that the previous downtrend will continue. Media and public negativity of cruise lines, in addition to the recent CDC cruise ban may accentuate this pattern.
Recommendation: Short to ~8.50
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