Another simple trade idea.
CLF broke above its 200day MA on the weekly chart. though the stoch looks overbought, it could provide long term gains if the price is supported by the 200day MA.
long term projection would be around 58.
another benefit to this trade is the oil performance as of late. overall bringing increased interest in oil based companies.
if price falls back below 200MA, the idea is voided
trade simply.
CLF broke above its 200day MA on the weekly chart. though the stoch looks overbought, it could provide long term gains if the price is supported by the 200day MA.
long term projection would be around 58.
another benefit to this trade is the oil performance as of late. overall bringing increased interest in oil based companies.
if price falls back below 200MA, the idea is voided
trade simply.
Nota
no real changes here. little price action but overall flat. still think this one could have room to grow. Keeping an eye on it.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.