The Long-Awaited Breakout from the Pandemic AbyssPrice: $27.26
Breakout Zone: $27.35
Target 1: $44.27 (+61%)
Target 2: $63.55 (+126%)
Stop Loss: Below $21.50 (weekly close)
Carnival Corporation, one of the world’s largest cruise operators, appears to be on the brink of a major technical breakout, reclaiming pre-COVID structural levels for the first time since the 2020 collapse. The multi-year downtrend now looks decisively challenged, signaling the start of a new upcycle.
Massive Base Formation: A near 3-year accumulation range appears to be resolving to the upside. The $27.35 breakout level coincides with multiple failed attempts since late 2021.
Volume Surge: Weekly volume is showing signs of institutional accumulation—highest levels since early 2021.
RSI: Approaching 70 with room to extend further. No bearish divergence—momentum is confirming price.
MACD: Fresh bullish crossover on weekly—supporting strength behind the breakout.
