breakout, page-5

CL1 popped up on my radar from a TA point of view. I don't hold strong opinions about this as I let the price speak for itself, but genuinely curious to hear people's point of view from a technical perspective or critiques. Some observations of possible upside:

1) Possible inverse head and shoulders formation on the daily charts, with neckline now broken.
-Caveat: classical charting principles state left shoulder should have higher vol than right shoulder, which isn't too obvious here


2) Upside target is where potential convergence of
- Resistance point at $1.85-1.88; might hit resistance also at $1.71-1.73
- 200 MA on daily (or 50MA on weekly chart); 200 MA has acted as a good resistance or support historically
- Down trend line dating back to Oct 17