Bias for CLQ5 is
now Neutral after reaching the 51s target which now has a first support at 51.15. While above 51.15 the neutral bias
will remain until at least pushing and holding above 54.45. If above 54.45
there is still a good amount of resistance at the 56.05 to 57.30 zone
before considering a macro bullish bias.
If 54.45 contains CLQ5 upside (or while holding below 53.10) there is still potential for
lower and if so 49s then 47s will become the next potential
targets.
Ethan Premock
Hamzei Analytics, LLC