crashman111

$CLQ.AX BO of cup and handle pattern. channel support BO also

Long
ASX:CLQ   None
CLQ BO of cup and handle pattern with a measured target of $1.80. (see red arrows)

2 channels were formed to this point...
The price used the brown resistance line as support when it broke out of that channel.
The blue up-trending channel has also been broken out of today with very solid volume so far.
The upper blue channel line should now act as support.

Note: My daily charts are not updating but the 6hour chart seems to be working. (same same :/)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.