TECHNICAL ANALYSIS | April 23, 2020
What Now For The Much Maligned Cruise Industry?
As of April 12, 2020, the COVID-19 pandemic has resulted in over half a million cases in the US and over 20 thousand deaths. While these numbers look set to climb higher, governments around the world have taken unprecedented actions to try to slow the spread. Such actions include the Center for Disease Control's (CDC) No Sail Order for the cruise industry. With no revenue coming in and no access to stimulus funds, how will these cruise lines stay afloat? Remember, sentiment drives prices and with that in mind, let's take a look at the charts of three major cruise liners.
by Stella Osoba, CMT
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