$CLWT - Currently setting up for a pattern repeat from 2018-2019, the stock is setting up in a very similar manner to the way it did in April, 2019, right before it ran from $2 to $7.00+. I'm expecting it to continue up trending until March, after which we should expect to see it breakout and make a move towards at least $5.00. The key breakout zone is at $2.95-3.00, a close above this level on the daily chart would be a very bullish signal. I'm aiming to add a starter position at ~$2.40, I'll add the bulk of my position after a sustained move above that key $3.00 zone.
Expecting to hold this until April/May.
However, one important characteristic that I look for when analyzing stocks for historical pattern recognition is volume rotation/repeat, this is when the stock is undergoing accumulation at the same rate and magnitude as it has in the past. It's very important to note that CLWT does not have any similarities between how the float was rotated in the past versus how it's currently being rotated. As a result, I’m not as confident in this setup as I would usually be.
Credit for this find goes to Tim (@ Tradereversal on Stocktwits)