CLQ Chart, page-37

This combination of of the wedge reversal formation forming together with the negation of a long term channel has historically
been quite reliable for me. The MACD divergence is noticeable in price even without the use of the indicator (as is the case most of the time) though I thought I would point it out for those who are not used to recognizing it without one.

In conjunction with the support visible on the weekly chart I was happy to take an preemptive position with a very tight stop where
price last last approached the lower boundary of the wedge (green arrow on daily chart) but being a little obsessive about my entry price
I wanted it on the line, which it stopped 0.005c short of.

The more conservative approach would be to wait for a break of the wedge before before attempting an entry. The challenge entering earlier on a stock priced like this once it has moved somewhat, is that even as we get closer to the apex the difference in price, percentage wise, between the upper and lower wedge boundaries are quite large and the required stop carries to much risk for me.

I will be waiting patiently now for the next opportunity...

GLTAH