More importantly than the fact that it has not taken off yet per the above model is the fact that it has not broken to a lower low. Also, the company, which is very trusted in the industry, says Q4 earnings go down but then 2016 is a recovery year.
In the chart below, each time someone slams it down, someone else comes in and buys that dip leaving a unicorn tail in its wake. So now we have multiple of them pushing up on the chart from below. I think it is time to look for a pullback and then buy it with tight stops. If gold is going higher into wave 3 then oil is probably not far behind and CLB will bounce hard when oil bounces.
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