I like CLF here with an AB=CD target of 9.70 ish......
The exchange builds on a double rising wave structure. The exchange rate target price is 11.87 usd. 35% increase from the current level.
The analysis of the exchange rate movement is unchanged compared to the previous analysis. The target price was higher. Expecting the current level, we expect a 47.5% increase in the exchange rate. The target price is 13.15 usd.
The exchange rate has begun to rise, from the correction axis (yellow line) that coincides with the intersection of the wave axis. Here I note that the axis of the fractal point coincides with the axis of the wave axis with the mirror axis. This means that the exchange rate increases with a strong D1 parameter ATR, which is likely to increase. We assume the...
There is still a correction at CLF's rate. We expect a further reduction in the exchange rate. The level of the correction level is 8.9 usd. Then we expect a sustained rise. For the exchange rate it will be far above 13usd.
CLF seems in a turning point after the previous breakdown. Look to the price action on the level posted on chart for a potential wave down. Bullish divergence for one more attempt to the upside.
The exchange rate seems to have begun to be corrected. The correction level is expected to be close to 11.93usd. From this level, another rising wave structure is likely to reach up to 15 usd levels.
The exchange rate may take the lateral movement bounded by the triangle shown in the figure. If the theory is correct, a small ATR movement is expected for two to three weeks. The reduced amplitude of movement can hold up to the ATR support shaft underneath it. From this support upward, a significant increase is expected. Based on the current data, it is probable...
Just a random pick on one of the top volume contributor stock. Happened to see this counter making nice upward move since it last bottomed in 2016. As seen on the chart, this stock have tested the resistance level with huge volume. Now it is back again at the 11/11.80 testing for another break out. We are not very optimistic about this break out at this point but...
The mission of trader do money, no matter how many time you need for it. At the most successful cases long-term traders make more money than swing-trader or day trader. This stock is the excellent example for long-term trader. HOLD if you have nuts. Lets look at the situation at Steel Market, it will help us to understand the future situations. The CLF produces...
With a very long time to climb. The exchange rate builds another rising wave structure. Probably a dual wave structure can be talked about. The first wave structure can be an impulsive wave. The target price is 13.34 usd. Based on technical considerations, a nearly 2 usd band is expected to be built on this chart with a yellow square. It can stay for several...
The exchange rate builds the second wave of a triple ascending wave structure. Specifically, the second ascending wave structure moves in the correction sub-wave structure. Since the initial wave was impulsive, the correction wave structure could also be upward. The third rising wave structure may have an accelerated wave structure because the slope of the ATR...
$CLF Confirmed reversal to remain locked in 5.60-8.95 trading range. Expecting at least another 10% haircut in near term (if not more). Short target - 7.50
CLF rising wave structure. The exchange rate moves in a doubling wave structure. It is characterized by the fact that the next wave structure is twice the size of the preceding wave structure. The (0A) wave distance is expected to be 10.5usd and then correction is expected. I expect the (AB) correction wave to 8.55usd. Then, the second major wave (BC) may occur,...
CLF is a buy in my opinion but the price must close above the .786 fib retracement box I have placed in on the chart for a long position to be considered. Noted for a lagging share price to the industry, yet considered a great company with potential. To those trading the steel market, fundamentally the opinion is definitely swaying towards bullish for 2018. --US...
USOIL prices rose on Tuesday, lifted by indications that supply is gradually tightening, especially in the United States. U.S. crude production has broken through 9.5 million barrels per day (bpd), its highest since July 2015, but analysts say growth may slow as U.S. energy firms cut the number of rigs drilling for new oil."It looks like the growth in U.S....