CLF: Cliffs Natural Resources, Iron OreCLF-is an iron ore miner.
It is a component of-XME.
XME-has been weak for the past month.
I suspect the basic metals components in-XME (iron-copper-zinc-aluminum) are weaker than the gold-and-silver miners.
For-CLF:
The indicator on the top of the page is RSI / Stochastic , and this is weak.
The top middle indicator is vortex and it is weak (red over green).
The Top (bar-type) indicator measures the "phase energy" of the stock , and this is weak, now below zero.
Until these indicators reverse to the upside, and the prices rise above the cloud, this stock is a sell.
Good luck to you. Don.
0I0H trade ideas
XME Components Analysis Number 3, CLF: Cliff’s Natural ResourcesI have recently published a series of bullish articles about-XME.
CLF-is one of the components of-XME. The strength of this chart speaks for itself -
It is one of the metals stocks which is contributing to the strength in-XME.
XME-is the-SPDR S&P-Metals and Mining ETF-which offers broad exposure to industrial-and precious metals and mining, with a strong emphasis at the lower end of the capitalization spectrum. It holds 25 components in an equal weighted market cap.
I believe by showing you some of the individual components of-XME you will understand why I am very bullish towards the upward move in-XME.
Don.
Selling CLFPurchased at 3.41 and 3.75
Selling at 4.87, 36% profit
- Possible double top, may be a short term decline coming
- BREXIT surprise; possible black swan & global market crash. S&P teasing a H&S top today
- Due to economic risks, I'm transitioning to precious metals instead of industrial metals.
#CLF: Getting Good To Buy!Price has been trading upward on the support now we have formed some accumulation on the support and looks like we are using this base to break to the upside for a continuation move to the highs
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CLIFFS NAT RES - Riding the bull 2It seems to me the pullback is done in CLF also today.
I think oil is before an epic run in the next 2-3 weeks and CLF is ready to print its next rally.
So those who couldn't enter 3 weeks ago it's a great possibilty to enter or add to the position.
We might break below the 20 EMA tomorrow so maybe not late to enter tomorrow..
Volume is perfect for the pullback, we are ready to run again this week..
CLF creates new high - shorts are spentThis is a crap stock, but its so low and it's going to catch a rally with resurge in gold / other commodity stocks. Looks better on a 6 month daily chart, but it just seems like a good time to buy... is it possible it goes bankrupt? I don't think so, and with any kind of commodity recovery this should come back right?