Yes, imo from a TA perspective it's a healthy pull-back to the 5 MA.
I'm still learning the basics of TA and am happy to be corrected, but in this chart I have included-
5 MA 20 MA 50 MA 200 MA
It's also worth noting the "Golden Cross" where the 50 MA crosses above the 200 MA.
Investopedia-
"The most commonly used moving averages are the 50-period and the 200-period moving average.
The period represents a specific time increment. Generally, larger time periods tend to form stronger lasting breakouts.
For example, the daily 50-day moving average crossover up through the 200-day moving average on an index like the S&P 500 is one of the most popular bullish market signals."
Bring on the Dec Trading update!
CLT Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held