Sorry, I had to turn the volume off because it was blocking the chart
CLF looks oversold. Weekly showing big increase in volume lately and the price approaching some decent support.
Considering that the market overall might shoot up soon, I'm willing to enter this trade.
Since there hasn't been great amount of evidence yet that the stock will reverse, I'm keep...
One of these mischievous triangle patterns
If it breaks out of the top of this pattern
Buy around the box area to avoid whipsaws, target for this move $40
If it breaks out of the bottom of this pattern
Sell around the box for the same reason, target for this move $34
I'm going to say this is going to break to the upside though based on the stock price not...
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This is a longer term trade.
Looking to hold both for 6 to 12 months.
1 year target: VALE 31 and CLF 84
Both have good growth and dividend characteristics.
Similar to what happened with BTU, CLF also failed to break the neck line so another logical entry point to buy more / back in.
Corresponding to this previous idea
Entry - $36 - $39
Target - $44+ (Could be the start of new bull trend)
Stop Loss - $32.50 (Failure of head and shoulders would result in continuation of bear trend and probably a significant drop)
Reasons to buy:
Volume increase and falling price on left shoulder
Volume decrease and price gains
Volume increase and falling price on head but heavy volume
Volume...
