We’re very excited to present our Squeeze Engine, one of the main tools that powers the success of Breakout Multiplier.
Consumer stocks are waking back up, with the Consumer Discretionary ETF $XLY printing new all-time closing highs yesterday.
Some of the most offensive industry groups within the sector are shaping up under the surface.
Here’s today’s standout:
Carnival Corp $CCL is currently exhibiting a Long-Term Squeeze Score of 93.7.
Here’s what the chart looks like:
Carnival Corp is completing a massive, multi-year reversal base.
Price is pressing against the breakout level, with the Strazza Indicator showing volatility near multi-month lows.
This is a structural setup, so it may require some time to fully resolve. That said, with momentum reset across the longest timeframes, the eventual breakout has the potential to be explosive.
