CLA Long to 15.29, Golden mean reversal
Keeping an eye on CLA for a reversal above the yellow 1W trend, and support above our weekly resistance at 13.50
Last months open at 13.85 is currently our resistance, and again around 14.20
If you fall under either the weekly resistance or the green support line, id be bearish until we recovered.
Depending on the trade, id consider 12.53 a good stop loss, leaving it just under historical support.
If you wanted to tighten it up, i think 12.99 should be a safe on the 4HR as well for a short term confirmation.
30m chart looks like a nice bull flag consolidation , the 200 MA is under the 50 MA, bullish confluence on the RSI.
if we can hold up these key levels, id expect to see a reversal in the near future to 15.29
Last months open at 13.85 is currently our resistance, and again around 14.20
If you fall under either the weekly resistance or the green support line, id be bearish until we recovered.
Depending on the trade, id consider 12.53 a good stop loss, leaving it just under historical support.
If you wanted to tighten it up, i think 12.99 should be a safe on the 4HR as well for a short term confirmation.
30m chart looks like a nice bull flag consolidation , the 200 MA is under the 50 MA, bullish confluence on the RSI.
if we can hold up these key levels, id expect to see a reversal in the near future to 15.29
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