Where's CLS headed?Hmmm...been looking at weekly and daily charts (late at night, don't expect rational thought) and the gut says CLS is gonna react up soon. It's been headed down from 70 for about a month. Those that bought at $70, and haven't sold yet, probably averaged down near the 50 range and would like to at least break-even. Where's break-even? Around $60!
You should see the weekly chart for the last 3 years (with RSI) and you'll see the divergence (RSI with higher highs while the price chart has lower highs).
Plus, in previous declines, there's always been three or four days of reaction and then the big dump. So those of us that are short, set your stops accordingly. Heck, go long, ride the momentum up and short it again in a few days.
Tradehappy
