Carnival Corp has endured a “NoGo” correction over the past few months.
Now, the inputs to the GoNoGo Trend indicator are positive enough to identify a new “Go” trend. After the low toward the end of July, we have seen price put in consecutive higher lows as the GoNoGo Oscillator broke the resistance of the zero line and has stayed in positive territory as price has rallied from the middle of the pattern. We will see if this can act as a slingshot to send price higher.
By
Alex Cole
