TopOptionAlert
Oct 20, 2:22 AM
$CLSK NOV20 9C · still actionable
Zone:
$8.40 to
$8.52
Invalidation: close under
$8.00
Objectives:
$9.15, then
$9.91
The math: up 8.2% to the first objective and 17.1% to the second, against 5.4% risk on the invalidation, better than 3 to 1 to the second
Dear friend, think of this swing setup like a good truck that slid toward a ditch and is still sitting upright with the engine running. CleanSpark fell about 19 percent in five sessions and closed Monday at
$8.46, up a little that day, yet buyers held the
$8.42 low and kept price above the
$8.00 low for the year. What that means is simple. The selling has been loud, readings near 24 show how tired it looks, and if that floor holds price has room back toward
$9.15 first and
$9.91 next. If price closes under
$8.00 you know the bounce idea is wrong and you step aside, plain and simple.
P.S. Watch
$8.95 on Tuesday. It was the high on Monday, and a close over it would show buyers pushing, not just defending the low.
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