Recently CLF has been bound by a triangle with support of around $17.30. It's recently broken out and fell towards a decent trendline. If CLF bounced off my upper resistance trend line and the bottom of the support trendline, we'll have a very good bullish flag which is a continuation of CLF going upppp.
Earnings is the perfect catalyst to cause a pre earnings run up to around $17.30 or higher and cause a sell off if it is priced in.
$15.50 to $16 for me is the perfect buying range post earnings. I will probably open up a long position regardless of the price action actually, I'm very bullish on steel. I'm looking to see if CLF can retest the 200SMA on the 4hr if there is a post earnings dip.
Earnings is the perfect catalyst to cause a pre earnings run up to around $17.30 or higher and cause a sell off if it is priced in.
$15.50 to $16 for me is the perfect buying range post earnings. I will probably open up a long position regardless of the price action actually, I'm very bullish on steel. I'm looking to see if CLF can retest the 200SMA on the 4hr if there is a post earnings dip.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.