Could Carnival Corp. (CCL Stock) fall to around the 8.60 level?

Today’s instrument is Carnival Corp.’s stock traded on the NYSE exchange under the ticker CCL.

When we look at the CCL’s chart, we see the fall from the $14 range to around $8.60 and the formation of support around the $9.

Today CCL is announcing its quarterly earnings and if the market’s anticipation is positive then we could expect its price to test its resistance level at around $12 otherwise it should test its support at $9.

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