CLS has shown rapid expansion and was well extended past a cup with handle formation and is now forming a base right at the 50 fib pivot level. We saw a pretty healthy retracement and now it is back on track to hit 60’s within the next few weeks. Strong fundamentals and earnings support the idea. Economic data this week will have a potentially large impact on the upward trajectory if the data comes back bearish. Any good news from the Fed will give the stock a push into the 60’s. Giving this Idea a 60% probability of hitting the 60 dollar range by 7/21.
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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.