$CLO Strong Comeback — Has the Bottom Been Reached?
#CLO looked weak after a sharp drop from the $0.30 zone, but the narrative shifted quickly.
After finding solid support near $0.17, buyers came back with a vengeance, pushing the price above $0.23 in a strong recovery move. This is a solid indicator that demand is returning.
The key level now is $0.24-$0.25. If the bulls can break and hold above that zone, a move to $0.28-$0.30 becomes very possible.
As long as support at $0.17 holds, the recovery structure remains bullish. The market has already shown that buyers are ready to defend the lower prices.
Another strong rebound from support. The bulls are back in the fight.
Click below to make the trade
$CLO
#CLO looked weak after a sharp drop from the $0.30 zone, but the narrative shifted quickly.
After finding solid support near $0.17, buyers came back with a vengeance, pushing the price above $0.23 in a strong recovery move. This is a solid indicator that demand is returning.
The key level now is $0.24-$0.25. If the bulls can break and hold above that zone, a move to $0.28-$0.30 becomes very possible.
As long as support at $0.17 holds, the recovery structure remains bullish. The market has already shown that buyers are ready to defend the lower prices.
Another strong rebound from support. The bulls are back in the fight.
Click below to make the trade
$CLO