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CleanSpark (CLSK) Price Momentum Weakens, But 2026 Outlook Still Bright: Here’s How
Yahoo Finance· 2025-11-12 17:00
Core Insights - CleanSpark (CLSK) is a Bitcoin mining and AI infrastructure company, currently trading near $14.05, with a year-to-date increase of 48.6% but a decline of 20.3% compared to the previous year [1] - The company's stock price has fluctuated between $5.73 and $24.72 over the past 23 months, averaging around $12.32, indicating a pattern of deep pullbacks followed by recoveries [1] Price Performance - CleanSpark's price performance typically involves a strong rally followed by a cooling phase, which often sets the stage for the next upward movement [1] - The recent price action suggests that CLSK might be nearing a bottom, with selling pressure potentially exhausted [3] Technical Indicators - The Relative Strength Index (RSI) shows a hidden bullish divergence, indicating a possible bounce as price forms higher lows while the RSI creates lower lows [2] - Historical patterns indicate that similar RSI divergences have preceded significant price increases for CleanSpark, with past rallies of 121% and 163% following such setups [2] Correlation with Bitcoin - CleanSpark's performance is closely correlated with Bitcoin, often following BTC's price movements, especially after significant corrections [3] - If Bitcoin reaches projected levels of $150,000 by year-end, it could drive CLSK to new local highs [5] Convertible Notes Impact - CleanSpark's recent $1.15 billion convertible note offering has created short-term pressure on its stock, contributing to a nearly 20% decline over the past month [6] - The proceeds from the offering, amounting to $460 million, will be used for stock buybacks, data center expansion, AI infrastructure, and repaying Bitcoin-backed loans [7]
The Big 3: OKLO, NFLX, SE
Youtube· 2025-10-23 17:00
Group 1: Oaklo - Oaklo has experienced a significant decline of approximately 25% over the last five days, attributed to a Financial Times report questioning its valuation [1][2] - The stock has formed a support base after the selloff, indicating potential stability or recovery, with a neutral to bullish outlook from analysts [2][3] - A broken wing put butterfly strategy is being employed, with a break-even point at $118, allowing for participation in further downside while seeking stability [4][5] Group 2: Netflix - Netflix is currently at a critical juncture, sitting on its 200-day moving average, which has historically been a pivotal support level [12][13] - The stock is facing pressure due to a one-time charge from a Brazil tax dispute, leading to a bearish sentiment despite a generally moderate outlook [20] - A bullish iron condor strategy is being implemented, with break-even points at $1,094 on the downside and $1,161 on the upside, indicating a focus on premium collection [14][15] Group 3: C Limited - C Limited has shown strong year-to-date performance but has recently pulled back to its 200-day simple moving average, establishing solid support [21][22] - A bullish call spread strategy is being utilized, with a focus on upward movement, requiring the stock to rise for the trade to be successful [22][23] - Technical analysis indicates a supportive zone between $147 and $150, with bullish divergence in RSI suggesting potential momentum building [27][28]