CLTL has a very bazaar channel pattern with consistent gaping from the top of the channel to the bottom.
At first glance I thought this was a definite no - go but I think it might be worth keeping an eye on:
+ Consistent channel formation (Top tested 4x bottom tested 2x - nearly a third)
+ Financial Sector relatively High
After further looking into this channel it does have a lot of low probability factors:
- The Bazaar gaping
- Stochastics not oversold (previous reversals had oversold/bought stochastics)
- MACD is reversing direction so regularly (not possible to follow Adam's rule)
- No adequate candle pattern for a long/short
- Volume < 5K
- Relative strength plummeting
* Initially I suspected the gaps to be from earnings but no earnings is popping up on my screen?
I don't think I would go in on this but thought It might provide some interest.