The CLL Daily Right Side chart (to Jan 21st), although stabilzed, is riding just below the average highs and lows. It's now in a very tight trading zone which seems uncommitted.
![]()
Below is the Daily Resistance and Support levels - it seems that 78 cents would be the first challenge and then $1.00
![]()
The Weekly view of Resistance and Support shows the gravestone (2 weeks ago), followed by a bottom refusing mid-range hammer (last week). The bulls and bears have clearly defined they're fight area - the high of two weeks ago, and the low of last week....interesting to see who wins (I'm on the bull side personally).
![]()
There appears to be good support at these levels (higher lows have been maintained the last few days) . Each stock has it's own charateristics, and CLL is no exception. The consistency of the gravestone candlestick on CLL charts is clear - look at May and July above - price action just stops and turns almost instantly.....
Good luck,
Booster