Inverse Head and Shoulders forming on short term candlesWith yesterdays breakout to almost $8. It seems CLF is finding support here and consolidating with a inverse head and shoulder formation.
CVA trade ideas
Some crazy movements Would love ot see it back over that trend line, if rejected 3 - 4 bucks as short target for me.
BUY CLFCLF is ready to go up to the $8.4 area and maybe further. Based on the technicals we held the $6 structure area, broke out of a wedge, had an 8/21 ema crossover and then today broke out of new highs, which may result in a pin bar rejecting the previous resistance now support. Also, There is many traders buying calls expiring in the next few weeks speculating on a huge move soon.
CLF- Buying Opportunity at $6.30 Again...Update on a previous CLF bullish cypher pattern call to get in on a long play. It appears now, that price action will drop again down to support ($6.30), then turn bullish later on this week. Do not fight the charts and buy pull backs, especially in a bullish trends. Price action is number one and money management.
CLF- Long PlayPlay refer to chart. In basic materials sector. Industry: Industrial metals and minerals. Market cap: 1.80B. P/E: 23.11. Price Now: $5.24 and a lot of liquidity or volume at: over 11 million per day. Rest of 2017, bullish looks great for this stock, to either buy shares and/or option trades like: write covered calls etc...
Bought CLFI have traded this both successfully and unsuccessfully in the past. It just looks oversold, it could be bottoming soon.
There is a larger uptrend that hopefully resumes soon.
Bought today 6.13, stop at 6 to give it wiggle room.
Long CLF (Added to position)Medium term, CLF has been correcting for months. It may be turning, now, for another run up. When this thing runs up, it REALLY runs.
Bought more @ 6.61 on top of my existing position (bought at 6.44).
Setting a break-even stop under today's low. Hopefully, it may just pop and leave. If not, I get taken out with no loss.
I have found this trading style to get decent results:
- Buy a potential turn with a small position and very tolerable risk.
- If it moves up, and a longer term trend has the potential to develop, use the small profits to cushion a bigger position for lower or no risk.
Old resistance may become supportLooking at an old resistance line Will this hold and bounce or will it breakdown ?
Long CFL.Chart offers entry point and exit point. Follow the trend lines, support and resistance lines (green) and possible path of candles (red arrows)
www.tradingview.com
$CLF - I hold this short a bit more.$CLF Still taking profit on this one.
Sell half and let the rest GO!
CLF longbought back some CLF today after FED around 9.67. little late, looking to add if price action is good. fundamentally, I see prices way higher possible. like 16ish or even beyond. first target would be recent highs though
Next week ideas: CLFCLF is having a good time recently, with 70%+ upmove since last November. Now that it's drawn this flag maybe it's time for a next up leg targetting 14.00
CLF getting ready for a pullbackLooks like CLF is going to pullback to the 9MA soon. My guess is that today's candle will be Bearish. I predict it will attempt to pullback to the 9MA and bounce again to continue the bullish move.
CLF Long IdeaHad a good trade in CLF today with some nice upwards moves and a selloff during the day. Might see this thing run to 13.60ish area in the next short while
CLF longIf you missed this one today, there may be a 2nd chance tmrw as CLF announced pricing a public offering of 55M common shares right after market close. The offering price is supposed to be at 10.75 if I see it correctly. This is a tremendous offering given the fact that there is a total float of 215M.
However, due to the impressive earnings and good outlook, I see this as a 2md chance to enter the stock. may even be lucky to get it a few dimes below that price as market often tends to overreact.
I see this stock having potential to run till 16 or even double from here if commodities prices remain strong which I assume. logged some in after market as well at 10.87
CLF forward pe of 10 and this stock has been a high flyer, think it is worth a few here with stop below the gap
