CAL Daily- Oct 8, 2015…break of SMA 100 but where’s the volume?
Bullish divergences- OBV and RSI- CAL Daily
CAL Weekly- High volumes on up weeks, low volumes on down weeks…implies bullishness in the medium term, some time or price consolidation in the short term…
CAL Yearly Chart,maybe morning star pattern forming?
Again, the yearly chart is just a possibility.
These charts lead me to believe that CAL s under accumulation, but some more time or price consolidation is required. Volumes are still suppressed on the daily chart, suggesting that players are not yet willing to commit. Traders will probably be convinced to join the ride when 5 level is broken. The yearly chart shows a good risk reward scenario. Anyway, price action should be watched.