With recent market sell off and Ebola scares, Shares of CCL (Carnival Corporation) and RCL (Royal Caribbean Cruises) are getting hammered – losing 13%-14% in about two weeks.
Both Stocks reached a support area and I believe that the Ebola effect on those companies will not be as massive as market believes.This is why I’m looking to put a bullish trade on one of those stocks. Here is a quick summery of two possible positions:
I’m Taking a position on only one of those stocks due to the current sell off. Though I’m still bullish, I want to see that the market finds support before taking regular size positions again.