CALT has broken its ATH twice and has retraced, but is holding support well as a few big guns seem to be collecting and waiting for its next Q results. By the looks of it, CALT is creating a double-bottom pattern as it awaits further reduction of Interest rates and its next Q results. Only a matter of time before the security breaks out and goes towards new...
In an ideal world, RCL should bounce off as it retraced well from the initial breakout. However, this is CSE and nothing is predictable. Lets wait and see how it plays out.
If LIOC is to go to 210, it ideally should break the neckline in yellow. After a breakout, a retracement should occur and should bounce off. This would be a healthy breakout if the pattern sticks to my prediction.
If the pattern is to be valid, the stock needs to bounce off and break the current high