Clearwater Paper Stock Chart Fibonacci Analysis 051225Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 25/61.80%
Chart time frame: D
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress: A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
CLW trade ideas
CLW Coming back to Previous Support?The plan for CLW, I think the upside for a quick day/week is realistic. CLW needs a few things to happen. RSI needs to continue to trend up, the entry price needs to be in the $35.50 - $36.50 range and while its doing this, the MACD needs to continue heading towards zero. I expect these conditions to be met sooner than later, early next week? I will swing trade this when I feel these conditions are met. Swing trade only for me, long at the pricing above.
CLEARWATER PAPER IS IN INVERSION TREND The configuration of the the firm is typical of an invertion process. Rounding bottom is formed, the prices broke the 200 SMA and now with the pullback and the RSI so low there is an opportunity to enter.
I am long from the green box with stop loss in case the prices will lose the level of the 200 daily SMA
Dow drops once again #49 (CLW)Broken support in the 43.00 level, is a fact that now works like resistance
but now the bears are fighting with a major support around 34.00
the price is caught between a resistance in 43.00 and a support in 34.00
Wait for a support breakout because, below 34.00 there are a abyss
This idea is for a short seller, swing trader and can become in a position trade
the difference is the time that the trader hold the positions
The trader can use your own setup, system, risk profile, Indicators, etc...
position sizing and stop loss vary by trader and your capital
I only Pick Stocks but I do my best and spent a lot of time to find this patterns due that
I do not use a Stock Screener to find this idea
Remember what I say in my past posts, that I follow more than 1300 stocks and
I watch one by one manually
CLW - Momentum Breakout long from $50.36 to $55.87CLW is purely technical trade. It has formed a nice upward momentum after a successful fallen angel type of run. We think it can good upside potential from here.
* Trade Criteria *
Date First Found- July 20, 2017
Pattern/Why- Momentum Breakout long
Entry Target Criteria- Break of $50.36
Exit Target Criteria- $55.87
Stop Loss Criteria- $47.93
Please check back for Trade updates. (Note: Trade update is little delayed here.)
CLW - Potential Allen angel formation long from $46.63 to $51.43CLW seems forming a potential fallen angel formation with sharp upward swing of the moneyflow.
We think it has good upward potential if it can break above $46.63
* Trade Criteria *
Date First Found- May 22, 2017
Pattern/Why- Potential fallen angel setup
Entry Target Criteria- Break of $46.63
Exit Target Criteria- $51.43
Stop Loss Criteria- 44.57
Please check back for Trade updates. (Note: Trade update is little delayed here.)
CLW - Potential fallen angel Long from $46.63 to $50 & higherCLW seems formed a nice base & if we get that moving averages to cross, that will be very nice fallen angel setup. So we are waiting for the it to break above, and keeping on watch list for now.
*Trade Criteria*
Date First Found- May 22, 2017
Pattern/Why- Potential fallen angel setup
Entry Target Criteria- Break of $46.63
Exit Target Criteria- $50+
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)