CCL : TRADE IDEA 3

CCL

Price Action

• CCL pulled back from the $32 area after making a new high, showing bearish divergence with momentum.
  

• Price is now bouncing from recent lows around $28–29, but remains below the $32 resistance zone.
  

Support & Resistance

• Key support: $27–28 (recent bounce zone)
  

• Resistance: $31–32 (prior highs, double-top zone)
  

RSI (Relative Strength Index)

• RSI (14) at 54.18, rebounding from oversold levels.
  

• Still trending lower overall, showing bearish divergence compared to price.
  

• Suggests a short-term bounce but longer-term momentum is weakening.
  

MACD (Moving Average Convergence Divergence)

• Histogram flipped positive, showing early bullish momentum.
  

• Signal lines are trying to cross up, hinting at a potential bullish crossover if momentum continues.
  

Overall Setup

• CCL is bouncing after a pullback but facing a critical test at $31–32.
  

• Holding above $28 could fuel a move back toward $31–32 resistance.
  

• A clean breakout over $32 with volume would confirm strength and open upside potential.
  

• Failure to break $32, or a breakdown below $27–28 support, could trigger downside back toward $25.