$CL is breaking out of a month long ascending triangle pattern on volume bigger than the 20MA AvgVol
Notice RSI is breaking out also above 60 and MACD is about to go positive. Both with plenty of room before overbought condition.
Company reports earnings Friday, 31st on July BMO, so it could be a classic ramp up before ER
Measured target from the technical breakout is around 79.59
Good luck,
TA
Notice RSI is breaking out also above 60 and MACD is about to go positive. Both with plenty of room before overbought condition.
Company reports earnings Friday, 31st on July BMO, so it could be a classic ramp up before ER
Measured target from the technical breakout is around 79.59
Good luck,
TA