0I0H trade ideas
Cross roadsSitting at the trend line, break below possible H&S setup. Hold and back to 9 as long as IO does not break down.
good entry for a swing right here.-Higher highs, higher lows
-EMA 200 is below the price (long signal)
-Uptrend since may
-We are on a strong support
WAIT for the signal that this support holds, before you enter a trade. In my case, thats a good nice green candle.
These three points tell me, we have a good chance that the price will go up again. could take 2/3 swings till we reach the upper resistance.
WORK WITH A TRAILING STOP on this one.
Good trades and heaps of profits to you!
CLF BullishI like CLF, X, and AKS here. These industrial stocks are all in the process of bottoming.
That said, they are volatile and risk is high. Now that CLF has gained the 50ma, I would like to see a new shakeout low and recovery, like what it did in Oct, 2016.
X is, I believe, the most stable ride owing to its higher market cap. It is not as overbought as the others.
Long X, 5% position, 10% stop.
Long CLF, tiny position, will add if I see a shakeout + recovery.
weekly head and shoulderweekly charts are more powerful than smaller time frames, daily rising wedge broke to the down side last two days, toady was a large engulfing candle
on a decent earnings, markets need to confirm downtrend for a multi month correction
Solid Company Broken StockStill think we could see a 30 - 40 % drop over the next month, plan is to start buying if/when that wave goes red.
Needs to hold support (previous resistance)CLF had huge volume movement yesterday with the price breaking out to almost $8. Previous resistance is now acting as support.
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.
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.
