CSLT is reporting earnings today so this is fitting.
Looking at the monthly chart over the course of two years you can see the downward channel it's been following.
Due to a string of better than expected earnings, it broke up through a major downward trendline that was weighing it down. My guess is that they'll beat earnings today as they recently had COVID related contracts.
We can expect it testing the upper channel and likely breaking through it to test the moving average at ~$2.50. Then the moon perhaps...
As for the long term, you can see a cup and handle pattern forming which could make this thing a real rocket.
Looking at the monthly chart over the course of two years you can see the downward channel it's been following.
Due to a string of better than expected earnings, it broke up through a major downward trendline that was weighing it down. My guess is that they'll beat earnings today as they recently had COVID related contracts.
We can expect it testing the upper channel and likely breaking through it to test the moving average at ~$2.50. Then the moon perhaps...
As for the long term, you can see a cup and handle pattern forming which could make this thing a real rocket.