CLNE is still above the Bullish trendline and I see no reason to believe it breaks it and heads lower at this time. Here we see a potential slight Falling Wedge it has formed after reaching its peak in February.
We should see a nice pullback to the top of the wedge where it will find resistance. From there we will just have to see where the markets are at that moment in time.
At this point, it looks like it could be a good setup. I don't expect it to go under 6.50 and if it does get there, I suspect that is a great buying opportunity. It's important to see how it reacts to this triangle.
We should see a nice pullback to the top of the wedge where it will find resistance. From there we will just have to see where the markets are at that moment in time.
At this point, it looks like it could be a good setup. I don't expect it to go under 6.50 and if it does get there, I suspect that is a great buying opportunity. It's important to see how it reacts to this triangle.
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