TechnicallyCorrect

CALX Death Star

Short
NYSE:CALX   Calix, Inc
NYSE:CALX gave one of my favorite bars today which I like to call a Death Star. It is an outside bearish engulfing bar that tried (and failed) to make a new high. It is one of the worst bars you can see at the top of a chart.

This one also broke out of the top of the triangle (and failed) and then broke the bottom of the triangle and closed under the trendline all in one day.

It's going to take a Jedi to save this chart.