Is $CLFD ready to start coming up on the right side of its base?
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Notes: * Strong up trend on all time frames * Great earnings in the recent years * Basing for about 9 weeks * Starting o come up on the right side of its base with volume * Created a launch pad with the 10,20 and 50 EMAs
Technicals: Sector: Technology - Communication Equipment Relative Strength vs. Sector: 4.11 Relative Strength vs. SP500: 6.57 U/D Ratio: 1.24 Base Depth: 43.31% Distance from breakout buy point: -18.43% Volume 0.44% above its 15 day avg.
Trade Idea: * You can enter now as it's just coming off of the launch pad with volume * It's also breaking above a clear resistance area of ~105.4 * If you're unsure at the moment you can wait for a retest of the the ~106 area as support before jumping in.