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The cruise line industry is experiencing a new bullish trend, driven by strong earnings and analyst upgrades, with Carnival Corp. (CCL) showing signs of overbought conditions but indicating potential for further growth. The breakout above the $19.50 resistance level on both weekly and daily charts suggests a retest of the 2021 high in the low 30’s, with the Chandelier Exit system serving as a useful tool to manage downside risk and confirm the strength of the uptrend. By utilizing sound technical analysis strategies, investors can capitalize on the emerging uptrend while safeguarding against potential pullbacks.
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