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Could Carnival Corp.‘s (CCL’s Stock) move towards the 9.70 level?

Could Carnival Corp.‘s (CCL's Stock) move towards the 9.70 level?

Today’s instrument is Carnival Corp.‘s stock traded on the NYSE exchange under the ticker CCL.

Looking at the CCL ‘s chart, we can see yesterday’s sharp fall to the support level at around $9.

Today CCL is announcing its quarterly earnings and if the market’s anticipation is worst than expected, then we could expect its price to fall towards the level of $7.50-8 otherwise it should test its resistance level at around $9.70.

Written by Judith Nistro