Jun. 14 at 9:43 PM
$CLMT Beginning to show legitimate strength after months of sideways structure and indecisive price action. It formed a clean base between roughly 11 and 14, with multiple Breaks of Structure and a well-defined CHoCH that suggested accumulation rather than distribution. The most recent move pushed decisively through 14.25 and into the 15s, breaking out of the previous range and closing strong on expanded volume. That's the first real confirmation this move has weight behind it.
The daily candle is significant. Full-bodied with strong follow-through and no bottom wick to signal hesitation. Price is now testing the lower boundary of a high-volume supply region, with R2 through R4 stacked between 15.07 and 16.62. That cluster will likely act as the next key decision zone.
Momentum indicators support the move. MACD is now in a bullish cross, and although the histogram is still slightly negative, it's curling up. RSI is hovering around 70, suggesting growing strength without being overcooked. Stoch RSI is curling upward after resetting near the midline, which reinforces that momentum may still be building. The RVOL spike adds further confirmation. This is the first time in a while buyers have committed above a prior structural ceiling.
The key now is how price behaves around 15.60 to 16.60. That range overlaps with historical supply and will likely determine whether this is a sustained trend shift or just a temporary extension. If price holds above 14.25 on any retest and consolidates beneath resistance, it keeps the bullish structure intact. A failure to hold that zone might invite a pullback toward the prior pivot around 13.45.
This looks like early markup, not a finished move, but a shift out of rangebound behavior and into directional intent. The next few sessions will tell whether it builds or exhausts, but structurally, the tone has changed.
