Today’s instrument is Carnival Corp.‘s stock traded on the NYSE exchange under the ticker CCL.
When we look at the CCL ‘s chart, we see the fall from the $14 range to around $8.60 and the formation of support around the $9.
Today CCL is announcing its quarterly earnings and if the market’s anticipation is positive then we could expect its price to test its resistance level at around $12 otherwise it should test its support at $9.
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