Carnival (US:CCL) Benzingaยท2025-05-23 15:59Core Viewpoint - Carnival Corporation & plc shares are experiencing a decline despite analysts predicting strong summer bookings, indicating potential market volatility and investor sentiment challenges [1]. Price Levels and Market Principles - The $23.30 price level, which was previously a support level in December, has turned into a resistance level in May, illustrating that price levels can shift roles in the market [1]. - Buyer remorse is a factor contributing to the transformation of support into resistance, as investors who bought at the support level may sell at breakeven when the price declines [3]. - Conversely, the $21.50 price level, which was resistance in March, has now become support, demonstrating that resistance can turn into support due to seller remorse [4]. - Seller remorse occurs when investors who sold at resistance regret their decision and place buy orders when the price returns to their selling level, thus creating support [5]. Trading Strategies - Successful traders adapt to market signals, using former support levels as targets when a stock is rising, and considering former resistance levels as potential buying opportunities when a stock is declining [6].