clf broke below one of its extreme support zones around 18, so the next target will be the 14 area.
Look for it to bottom out around this area, RSI is sitting right above extreme oversold zone, we will most likely see a bounce off it.
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$CLF has fallen chopstick break out. base on the indicators the momentum of stock looks strong and buyer still in control.
watch for the news specially for energy stocks that relates to CLF.
Day trade or scalp play target: 01/05/22
buy calls above 23.03 sell at 23.43
buy puts below 21.98 sell at 21.35
Hello everyone,
welcome to this free technical analysis...
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My teams still holding $CLF shares from our three entries at $13.27,...
$CLF Watching for 19.36
Right now I’m watching to see if it breaks under the 180EMA on the Daily to see what my next move is going to be…
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull....
Trendline touch
Entry 22.5
Stop 19.9
Target 35
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
CLF(Cleveland-Cliffs Inc) begins to rise. In the technical analysis, we can see that an ATR axis that has been forming for many weeks has turned into a wave sequence axis. The sub-waves of the wave sequence were accurately used as a resistance level and then crossed the axis, now acting as a support level. It can also be seen that the longer wave sequence uses the...
21.75 / 22.25$ value area for me. lets see if buyers step in, If it loses this .786 will come quick. use caution. $CLF trades clean, especially w harmonics!
CLF correction completed. The analysis shows that the CLF movement has created a symmetric movement around the ATR axis. Consequently, the lower amplitude of the downward corrective wave may have reached its local minimum at the level of 22.17 usd. In other words, this is the level from which I expect a rise. Next target price : 32.51 usd
Again, a cautionary note - like X, keep an eye on the levels and trade tactically with an underlying fundamental rationale.
Debt ceiling etc., still not resolved even though infrastructure bill passed.
We all are told as traders that 2 years is too long a window for a strangle. Here is a different way to approach a strangle as an investor/trader.
First do the due diligence and decisde this is a company you would own all of at the prices that it could be put to me.
This is a great company pushing all the right buttons.
The strategy:
I sold the $42 call...
Chart looks gorgeous and so do the technicals.
Broke back inside its channel. Notice a few other metal names moving this morning to.
it could be 3 reasons the metal sector is moving today.
1. China ever grande made a coupon payment.
2. Tech earnings were disappointing and there's some sector rotation at play
3. Metal sector had a rough month and this is...
