14 Sep.
CLF is about to forming a top, also on 60 chart CLF building a top broadening wedge, in addition counting shows that stock might form a last top to completing the wave.
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10 Sep
stock forms a lower higher near 78.6% fibo resistance, what is good thing on chart is a bearish engulfing pattern. this candle pattern has been formed exactly below 78.6% fibbo and touched blue upper trend of broadening wedge, that concurs with a general bearish view on stock. In addition , the gap as showing stills open and act as support.
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31Aug
The bearish situation didnt change, every stocks shows a weak signal.
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21 Aug
Next week will be big bang :)
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17 Aug
CLF is needless to identify, common in basic material sector. technically, stock shows a good opportunity for short it or buy PUT option.
The main support is near 58$
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