IMO, an aggressive buyer from 13 would have been able to take out the short established positions above it at 25 and 19.
It has yet to do that, but it did respond to the 1995 fair price at 13.
So my logic is that CTL needs to auction lower to entice a large aggressor to buy. It's just intermediate term buyers at this point participating.
The large aggressor may be waiting until 8.55.
It may be 2 years, but I think CTL has potential for a nice trade back into 34 long term point of control.
Short bias until I see what happens at 8.55, then Long bias back into long term value area.
It has yet to do that, but it did respond to the 1995 fair price at 13.
So my logic is that CTL needs to auction lower to entice a large aggressor to buy. It's just intermediate term buyers at this point participating.
The large aggressor may be waiting until 8.55.
It may be 2 years, but I think CTL has potential for a nice trade back into 34 long term point of control.
Short bias until I see what happens at 8.55, then Long bias back into long term value area.