CBL REVIEW

CBL or CBL and Assoc, is a REIT that is being actively shorted.

Here is a short Measured Move Setup.

The last LONG was broken:

DRAWN with a FIB Retracement tool, from 1.92 to 26.95:

http://tos.mx/I6p0eW

That shows a mid-point at 14.50.   The two big white lines mark the LOW AND HIGH of the range.

FROM there, they have SHORTED THIS LIKE CLOCKWORK, almost to the penny.

Here is a chart that shows the MM's in a series:

http://tos.mx/hHheQG

LOOK AT HOW THE SHORT held 26 and change!    THEY HAVE SOLD CBL ever since in a series of LOWER HIGHS AND LOWER LOWS.

http://tos.mx/eecpxL   >>>>   13.42 was the -23.6% target of the MM noted above.

IT KEPT SELLING OFF.

I will begin removing the completed moves:

http://tos.mx/2ujXFG   >>> this MM is in play.  The range is from 21.36 to 8.86 and its target is:   5.91.

Once it is hit, they will surely bid it back up.  BUT, JB, CBL is being shorted in a durable series of Moves from 14.30 on down.

TAKE A LOOK:
http://tos.mx/UDNJvn   >>> in 2016, they shorted that range shown.   14.30 to 10.27 and it sold off FROM 12.29 (see that Yellow line, the 50% line).

EVERY YELLOW LINE or 50% mark, was SOLD!

http://tos.mx/UOespe   >>> from 12.35 to 9.96, and from 11.11 to 8.72 and from:

10.11 to 9.15 (take each one separately).

SO, we can now see that we are hitting OVER-SHOOT targets from previous moves.

DJ