CLA chart, page-380

falling below 12.5 is bad for the chart. Right now we are sitting on/testing the down triangle resitance support we just broke out of.

on the good side it seems we are back in our normal 6 moth longterm uptrend band (the spike up to 16.5 in Nov was overexuberance. Still working off that.) The long term trend looks good with the 50 day moving average,  plus a strong support floor at 12/12.5 looks like she shouldnt go below that.

SP may drop to 12 cents but if so i reckon its a buy for collectors.

the problem is the "double top" rssistance at 14.5 cents - SP will need several more days and probably more fundamental news to work up enough steam to make a breakthrough that. The 14.5 double top resistance could well suppress the price under it until mid feb when underlying uptrend band crosses through it.- and more news is out

all in all the chart looks healthy - and looks sweet and good if no break below 12.5.

again- this stock is not really big or liquid enough for TA to count for much- its the fundamentals that matter and will take her higher.