CXL Calix Chart Thread, page-403

Good morning CXL Holders & fellow punters!

Thoroughly enjoyed going through 7 pages of T/A to play a bit of catch up My gosh the run this stock had once upon a time.. although HOW they fall indeed

Nonetheless here we are and I would like to share my perspectives on the market data present so bare with me guys!

SENTIMENT: HOLD/BUY
POSITION: HELD - Have a small entry near end of day today, will look to add more on any decent dip with MAX upsides of $3 to $3.10 though will it get there? Reasons outlined below

CXL surprisingly DIDN'T catch my radars on 29th Jan, but on 1st Feb 2024. Without looking at ANTHING more besides the chart, this is the first thing I saw that personally stuck out to me:

1: It had a Steep Sell during the August to October 2023 period
2: Prices appeared to be a CONTROLLED sell-down, no huge volatile panic candles
3: Prices rallied higher off these levels after the sell-down
4: We had ANOTHER Steep Sell period during Jan to Feb 2024
5: UNLIKE the last controlled Steep Sell period, THIS TIME we DID have PANIC SELLING as stop losses were triggered during a news based technical breakdown on 29th Jan 2024
6: 1st Feb 2024 prices showed signs of wanting a respike due to the tail it was making which put it on my RADAR to watch and track it



To further add to the chart above, I will reference @kipper57 and @Wilber27

The chart you shared kipper back here during the 1st Sell Down stage I refer to, your charts show prices rallying off the lows by almost an entire $1! For short term traders like me, they are lovely returns!

It is my belief as you mentioned Wilber, that due to the stock being tightly held by someone (can't be certain who) the share price was being driven down on what I consider SMALL VOLUME. Compared to the 2nd Sell down period, especially on 29th January, the technical breakdown into new 52wk lows was news based regarding clinker production ending at Hanover. Prices now show the rally based on news several days ago regarding looking for NEW SITES to continue production. EXCEPT the volumes are DOUBLE what they ever used to be during the 1st sell down.

Someone is scooping heaps off these levels IMO so my sentiment remains counter-trend bullish due to the money flow coming in. Short Data is just as sexy IMO! Notes below attached in the chart

Love your work, just like the username @KushKween This is also fantastic data @hatmopit may I ask where that is shown ie the broker platform you got that from? Much appreciated !

I was fascinated by your response when asked what indicator this is because I too was confused and never saw it before! I personally found NO pattern or EDGE at all in viewing this so for me, it was entertaining @float^

P.S Hatmopit, I am in line with your thesis and can see that the trendlines are appearing like a level of risk to reward being used, as others may also have targets of an upper trendline retest (or atleast watching to see if a LOWER high will show itself) nonetheless for counter trend trades, this meets many requirements and can see the allure for whoever is creating these volume prints! GLTAHz will be fascinating how this plays out this month AND BEYOND