Medium term view - CARNIVAL CORP : Prices are breaking below the moving average, it is a sign of weakness.
The trend has been momentarily interrupted by a correction. It approaches the support at $61.70, which also is the invalidation level. It should cause a bounce and resume the bullish trend. The next target is at $71.70. The invalidation level is below $61.70.Arguments :
- The major support has been reached.
- Prices are breaking below the moving average, it is a sign of weakness.
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