Norwegian Cruise readies to pierce current support - Analysis - 01-07-2022

Norwegian Cruise's stock (NCLH) declined in the intraday levels, amid negative pressure from the 50-day SMA, amid the dominance of the downward short-term trend, with negative signals from the RSI after reaching overbought levels, marking a loss of 389% in the last session, or 45 cents, and settling at 11.12. 

Therefore we expect more losses for the stock, targeting the support of 7.25, provided the current support of 10.31 was breached. 

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Expected trend for today: Bearish