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2020 Stock picks
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They are issuing 64.5 million new shares at $8....approximately 10% of share float...and hence why the sp is hovering at around $8.
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Trendfriend wrote: Carnival - ccl weekly chart
uk.advfn.com/p.php?pid=chartscreenshotsh...%2FOddfl9Ywnl0zng%3D
2 main supports close to the current price action. 1055p and 552p
ccl - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...6lkWoOYTi8B96mHr/hE=
the daily shows a relief rally after the rsi fell to a oversold level of around 4 out of 100!
this then formed a bear flag....and this has now broken down from that consolidation and will most likely make another l/low imvho.....
The chart is very bearish...
I didn't look too closely at the fundamentals...tbh the chart says it all
i did see this article www.ft.com/content/c3890c4e-d8a7-41ae-abea-b8bb714d803b
That's a unsustainable rate of interest imho...and makes this stock one to avoid (but then wdik!)
especially considering they are burning through $1 bill per month!
atb, wdik, dyor,
trendfriend
This one is at support currently....
I don’t no any fundamentals for this company but this is the worlds largest cruise company and once this crisis is over people will be back to cruising , obviously in the next few years ....
Once they get a foothold of this virus I’m sure Cruse companies will recover.....
If this company did go bust, I’ll only lose a little bit of money..and for me the gamble is worth the effort as it’s a long term play from this level...5.94.......
The lowest I’d expect this to go will be around £3.... if £6 does not hold....
But considering this was. £50 a share company....I see the risk reward for this....
In this time and day, there are loads of shares that look cheap....there will be bargains out there but picking them is the hardest one but if you strike it lucky then you could easily end up with a company that could do a 10 bagger......
Obviously I’m willing to lose all the money ive invested in this company so please do your own research ...
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