CALX Trade on Aug 27, 2021 11:13 from MichaelBLe: Tradervue User Stock Trades.

Took this position risking the 47 level. After making a low yesterday, I now have a spot where I can place my risk. A break below 47 would get me out.

I like the technical chart on CALX. It started after the run up from 15 to 48. Each contraction is getting more shallow. (Higher lows). The volume is drying up as the pattern is completing.

Another good technical note is the undercut and reclaim of the 20ema/50sma. Having reclaimed the MA's on multiple expanding green candle is a good sign. And I just noticed the MA's are pointing up.

As the telecom group, their rating isn't very good. 119/197... But CALX alone is pretty strong. With a big earnings jump in September 2020, and kind of stabilized for now... I would like to see increasing numbers in the upcoming reports.

8-30
7:05AM
Got stopped out of CALX this morning. It was the planned amount and at my avg losing amount. I will have to wait for better market conditions. This name is getting tighter on the right side of the base. Don't let this one get away.