On the 18th October, I alerted the members in my Facebook group some technical charts for Carnival Inc.
The price action is trading within the symmetrical triangle since COVID started back in early 2020 and hasn’t been able to break in or out of that triangle since. Nevertheless, we are approaching that breakout (up or down) soon and may be able to know soon enough.
I went on to dig a few more information soon after that, in preparation for due diligence on its fundamental side.
I didn’t quite like what I see based on the information I dig out so I’m likely to sit this one out for anything long term. This is at best a trading play on the sentiments if I just want to get my hands dip in a little for fun purpose.
Nevertheless, here’s what I found out if you are still interested to read on.
Market Capitalization ≠ Enterprise Value...