Although Carnival Corp was one of the most effected companies by COVID and closed 2020 with a $2.2 Billion net loss. However they finished the year with $9.5 Billion in liquid cash. Which is enough to survive 2021.
Add to that the distribution of the vaccine and the multitrillion stimulus plan would both play a key role in pushing the price into higher levels.
In term of technicals, the price has been traded in an ascending triangle for the past 10 months. And I believe it's now in an accumilation zone.
I expect by breaking above $24 neck line the price will be heading towards the pre pandimec levels at $42.
This is not a financial advice. Do your own research and have a good day all 🙏.
Add to that the distribution of the vaccine and the multitrillion stimulus plan would both play a key role in pushing the price into higher levels.
In term of technicals, the price has been traded in an ascending triangle for the past 10 months. And I believe it's now in an accumilation zone.
I expect by breaking above $24 neck line the price will be heading towards the pre pandimec levels at $42.
This is not a financial advice. Do your own research and have a good day all 🙏.