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- 1 CCL stock price marked a falling three methods, stretching the bearish trend.
- 2 The recent dip can lead to a bullish breakout in future days.
- 3 Carnival Corporation commends National Strategy to Prevent Plastic Pollution.
Carnival Corporation eulogized EPA Administrator Michael Regan and the White House Administration on its new strategy. The cruising company is amongst the biggest organizations which provides leisure traveling experience for its clients. The company praised the National Strategy to Prevent Plastic Pollution. In light of the current appraisal by the CEO, the CCL stock price may lay the foundation for a future jump taking leverage of the new policy.
Clean & Healthy Marines by Carnival Corporation
In the statement of commendation, Carnival Corporation CEO Josh Weinstein highlighted the company’s vision for a clean and healthy marine ecosystem in order to provide the best experience to the guests. Weinstein also holds the post of chief climate officer for the cruising company. He added, the company is setting pace with efforts to eliminate single-use plastics and improving waste disposal on their ships.
In light of the occurrence, Carnival Corporation rolled out its 13th annual sustainability report earlier this month. The report unfolded the details regarding industry’s leading initiatives and momentum across the focus areas. The report also outlined the progress the company made toward its aspiration of carbon neutral operations by the year 2050.
CCL Stock Price Prognosis
CCL stock price forms a pennant pattern which nears a breakout in the coming days. The price formed a falling three methods (pink circle), which is an indication of bearish continuation. The recent pattern pushed the price to the lower trendline, making the support for future breakout. The projected upsurge can be witnessed once the price breaches the price level $9.75. The EMA ribbon was captured with the recent fall and displayed bearish signs.
The Bollinger Bands contract displays the range bound movement and declining volatility in CCL stock price. The MACD initiates a negative cross and begins to record seller participation via histograms in the region below the zero-histogram mark. The RSI drops to 40-range to reflect elevating seller interest in Carnival Corporation. The indicators suggest a temporary downtrend which can transform to bullish momentum soon.
Conclusion
CCL stock price can soon undergo a bullish breakout upon breach of the pennant pattern. The price reached the support trendline to prepare for the leap after falling three methods, intensifying the bearish trend. The Carnival Corporation can leverage its vision of a clean marine ecosystem and the new policy by the U.S. administration. Company’s annual sustainability report highlights the progress toward its aspiration of carbon neutral operations by the year 2050. The holders can watch the breakout level near $9.75.
Technical levels
Support levels: $0.3360 and $0.1950
Resistance levels: $0.5340 and $0.6320
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
