Carnival Corporation
Panjang

$CCL breaks months-long flag and is cruising for a ~50% move

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The break of the flag which was followed up with a near perfect bounce off a retest of structure. Went long after it was noticed that this move coincided with significant dark pool buying activity and unusual options activity on August 6 and 7.

In the short-term, looking to target $17-$17.50 in the next few days to take most profits off and then add back in during a pull back. Long-term will look to take profit around $20.

Penafian

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