Originally Posted by yeosh118
in search of dead cat bounce, this might be a good candidate.
This is definitely a good candidate, but it is hard to tell yet if the bottom is right around the corner or a dollar around the corner. Volume was a little lower, and CLWR had a gap down today, but it could gap down once or twice more before exhausting and reversing, in which case you would want to buy on strength if it broke above the high (or close) from the day before the reversal. That's usually a less risky time to buy, especially since it works pretty well with a tight stop that is also easy to set (not much below the buy trigger).