Is this trend a good trading opportunity?

Will Carnival turn, or will it continue to march upwards beyond 5,000p?

• The above chart shows the last three months price action.
• Shares have recently broken the key 4,700p level. They are now at 4,741p
• Carnival shares have been in an uptrend since July, with a rising channel
• Shares bounced close to 12% from 2018 lows
• Warm weather during the summer period helped the cruise lines
• Will the strong momentum continue back to share price levels seen back in May?

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 4,741p. To do this, you need £2,000.

Let’s assume Carnival trend continues to 5,000p. Your profit would be £546, 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, at 4,504p. Galliford Try falls 5% and hits your stop-loss. Your loss would be £500.

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