𝐈𝐒 𝐍𝐎𝐑𝐖𝐄𝐆𝐈𝐀𝐍 𝐀𝐁𝐎𝐔𝐓 𝐓𝐎 𝐒𝐄𝐓 𝐒𝐀𝐈𝐋?
Since the start of COVID, NCLH has seen it's value halved. During it's recovery phase, $30 has been a point of rejection on 2 previous occasions. With today's close above $28, the price has come from a much higher base, which should - in theory - give a much higher chance of finally breaking through the resistance.
This isn't a buy (yet), however if NCLH is not currently on your watchlist - it should be! A few more days of closes above $28 will give confidence that this isn't another fakeout.
Since the start of COVID, NCLH has seen it's value halved. During it's recovery phase, $30 has been a point of rejection on 2 previous occasions. With today's close above $28, the price has come from a much higher base, which should - in theory - give a much higher chance of finally breaking through the resistance.
This isn't a buy (yet), however if NCLH is not currently on your watchlist - it should be! A few more days of closes above $28 will give confidence that this isn't another fakeout.
