CLF sold off on volume on weak earnings With this market conditions the stock can go much lower. MACD and RSI are confirming the move The first strong support is around 12.
You can observe a bullish Bezos pattern along with the 47.97-degree buffet isosceles which is directly tangent to it creating a Waren Hill for the JP Morgan Client Services circle to intersect with the SPY 500 earnings eps, so stock very bullish will probably fall. Should go long on an inverse short position.
CLF should reach a support level of around $12.77, I'm sure the earning with bring some accumulation & distribution.
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. like and follow for more 💘
Broke down the support level MACD, RSI and MAs are also confirming breakdown Room to go Target - nest strong support
CLF may behave as shown, will see how it develops, possible completion of W-3 or W-5, but let see how this corrections sets in
After a downtrend breakout, the pullback has reached a buy point.
$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,...
$CLF Watching for 19.36 Right now I’m watching to see if it breaks under the 180EMA on the Daily to see what my next move is going to be… —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I am not a bull....
Trendline touch Entry 22.5 Stop 19.9 Target 35 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
CLF(Cleveland-Cliffs Inc) begins to rise. In the technical analysis, we can see that an ATR axis that has been forming for many weeks has turned into a wave sequence axis. The sub-waves of the wave sequence were accurately used as a resistance level and then crossed the axis, now acting as a support level. It can also be seen that the longer wave sequence uses the...
CLF looks to be moving lower, at least to test the VPOC 22.5 area. Then might weaken further... we'll see. I bought the Nov26 23p for 1.13
21.75 / 22.25$ 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...
Huge spike in volume after a nice support set in. Look for a rally to the old resistance level around the $28 range