Will Carnival turn, or will it continue to rise to Sept highs of 5031p?

• Breakout above 4350p to trade 4438p  (at time of writing).
• The ‘trend is your friend’. Will it continue towards 5031p?
• Shares -13.0% from 2018 highs; +22.7% from 2018 lows; +17.9% year-to-date.
• 4 Feb: Michaels to be exclusive arts and crafts provider for Carnival Cruise Line
• 22 Jan: Princess Cruises to activate three additional Princess MedallionClass Ships in 2019
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Carnival – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue to 5031p . You decide to buy exposure to £10,000 worth of Carnival using a CFD, at the current price 4438p (at time of writing). To do this, you need £2,000.

Let’s assume the Carnival trend continues upwards to 5031p Sept highs (+13.3%). Your profit would be £1330, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Carnival breaks lower, falling 5% and it hits your stop-loss. Your loss would be £500.

This is provided for information purposes only. It should not be taken as a recommendation.