Will Carnival turn, or will it continue to march upwards beyond 5031p September highs?

• The above chart shows the last 2 months price action on Carnival.
• Shares have been in an uptrend since late October. They are now at 4662p
• Shares -9.2% from 2018 highs; +12.1% from 2018 lows; -4.7% year-to-date
• 6 Nov: Carnival launched cruise Joint Venture in China
• In the last month, the shares have risen over 10%. Will this momentum continue?
• Source: Bloomberg, FT, Reuters, DJ Newswires

Click to enlarge

Trading Carnival – An Example

Let’s say the trend appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of Carnival using a CFD, at the current price of 4662p. To do this, you need £2000.

Let’s assume Carnival trend continues to 5031p September highs (+7.9%). Your profit would be £790, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price, at 4,504p. Carnival falls 3% and hits your stop-loss. Your loss would be £300.

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