WEEKLY CHART
Every time I look at this chart, I am amazed that I have not entered it on the long side YET!! CLF is testing the upper part of its clearly defined channel on the daily chart, which is marked in orange.
Then if we have a look at its weekly chart there is a gap between $58.26 and $57.10 that it is gunning for and I believe it will make it there. I just hope it gives me one more chance to get in at the lower part of its daily trend channel before it hits that target.
Hopefully it will be around $49 when it tests the bottom part of its channel and if my target is achieved, then its a nice +10% gain, in what should be a short holding time, maybe a few weeks.
Nice chart, you always seem to find nice looking charts.
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