Charts to Watch #6
A mix of charts on stocks, indices and crypto
Hello Guys,
Welcome back to “Charts to Watch”!
It is time to be inspired by new charts. Maybe you will find some good ideas here.
Remember that this is not a financial advice and make your own analysis before to make any investment!
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Carnival Corp. (CCL): A multi-year dead cat bounce!
At some point in 2021 a few investors started to think that cruise sector was going to recover strongly. The picture now is very different, as you can even see from Carnival chart. The stock is close to the 2020 low again.
The companies of the sector increased their debts heavily, and with rising yields this is not the place where you want to put your money. Maybe new lows will arrive…
AMD: a very interesting support
AMD is one of the companies with the most attractive prospects: the firm experienced an impressive revenue growth and a big technological development in the last two years.
The stock is down 50% from the highs and it has now approached a relevant support. A buy opportunity to consider? A deep analysis is worth for sure.
Illumina (ILMN): a multi-year low
Illumina is having a very turbulent year, worse than most of the other stocks. Recently the CFO departed, and that had an additional negative impact on the stock, now back at a multi-year low.
At the current level the stock looks interesting, but a few dark clouds on the company remain, for example the regulatory issue with the acquisition of Grail.