Medium term view - CARNIVAL PLC : The 38% retracement is close.
The trend has been momentarily interrupted by a correction. It approaches the support at 4,343.00 p, which also is the invalidation level. It should cause a bounce and resume the bullish trend. The next target is at 5,900.00 p. The invalidation level is below 4,343.00 p.Arguments :
- The major support has been reached.
- The 38% retracement is close.
- The moving average is supporting prices.
Carnival is a leisure travel and cruise company. Co. operates over 100 cruise ships within a portfolio of global, regional and national cruise brands that sell tailored cruise products, services and vacation experiences. Co.'s North America cruise brands include Carnival Cruise Line, Princess Cruises, Holland America Line, and Seabourn. Co. also has a Cruise Support segment that represents its portfolio of port destinations and private islands, which are operated for the benefit of its cruise brands. In addition to its cruise operations, Co. owns Holland America Princess Alaska Tours, the tour company in Alaska and the Canadian Yukon, which complements Co.'s Alaska cruise operations.
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