CLFD TO $32.50MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom or below channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold overbought level
VBSM is spiked negative
Price at 2.618 Fibonacci level
In at $27.45
Target is $32.50 or channel top
Stop loss is $25.50
CLFD trade ideas
CLFD | Fiber Optics Co. Oversold | LONGClearfield, Inc. manufactures, markets, and sells standard and custom passive connectivity products to the fiber-to-the-premises, enterprises, and original equipment manufacturers markets in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures. It also provides WaveSmart, which are optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and outdoor cabinet and fiber active cabinet products. The company offers StreetSmart, a portfolio of fiber management products; FieldShield, a fiber pathway and protection method for reducing the cost of broadband deployment; and YOURx platform that consists of hardened terminals, test access points, and various drop cable options for portions of the access network across various fiber drop cable media. It also provides CraftSmart, a line of optical protection field enclosures, including CraftSmart Fiber Protection Pedestals and CraftSmart Fiber Protection Vaults integrated solutions optimized to house FieldSmart products at the last mile access point of the network in above-grade or below-grade installations. The company offers fiber and copper assemblies with an industry-standard or customer-specified configuration; and designs and manufactures custom solutions for in-the-box and network connectivity assemblies specific to that customer's product line. It provides its fiber to anywhere platform for various incumbent local exchange carriers, competitive local exchange carriers, wireless operators, and multiple systems operators and cable TV companies, as well as the utility/municipality, enterprise, and data center markets. The company was formerly known as APA Enterprises, Inc. and changed its name to Clearfield, Inc. in January 2008. Clearfield, Inc. was founded in 1979 and is headquartered in Minneapolis, Minnesota.
Clearfield, Inc. Growing.Fundamental (reason why I am putting this stock in my watchlist): Their EPS growth and Revenue Grotwh (between Q3 2021 to Q3 is 109% and 84% respectively. ROE is 33%. This is what I define as a potential growth stocks.
Technical : It is correcting after its 6 day rally. It will be interesting if it reverts back to the mean (50,100 and 200 EMA). it is testing the 20EMA right now.
Action : Wait and see if it goes to the mean and/or form a flat tight base.
Is $CLFD ready to start coming up on the right side of its base?Notes:
* Strong up trend on all time frames
* Great earnings in the recent years
* Basing for about 9 weeks
* Starting o come up on the right side of its base with volume
* Created a launch pad with the 10,20 and 50 EMAs
Technicals:
Sector: Technology - Communication Equipment
Relative Strength vs. Sector: 4.11
Relative Strength vs. SP500: 6.57
U/D Ratio: 1.24
Base Depth: 43.31%
Distance from breakout buy point: -18.43%
Volume 0.44% above its 15 day avg.
Trade Idea:
* You can enter now as it's just coming off of the launch pad with volume
* It's also breaking above a clear resistance area of ~105.4
* If you're unsure at the moment you can wait for a retest of the the ~106 area as support before jumping in.
Clearfield Inc. falling in a hole. CLFDGoals 53, 44. Invalidation at 78.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
CLFD ATHYou can use the below strategies:
1) Breakout trades at ATHs
One can plan a long trade if the price shows a decisive breakout or above ATH. In this case, you should be quick enough to cut your positions if the price shows reversal signs. Very often, price reverses (or shows some serious selling) near ATH.
2) Pullback strategy after breakouts at ATHs.
One can plan a long trade if the price shows a clear breakout and then shows a pullback near ATH. This is a wonderful opportunity to plan a long trade, keeping stop-loss below ATH or the candle low which occurs near ATH.
Conclusion:
I have seen many investors try to follow both the breakout strategy and pullback strategy and they lose money. One should know both are different concepts and try to master just one concept which suits your behavior.
$CLFDEntry price : 34.02
Fundamentals :
- Sector: Telecom
- EPS % Chg (Last Qtr): 475%
- EPS % Chg (Previous Qtr): 59%
- 3 Year EPS Growth Rate: 29%
- EPS Est % Chg (Current Yr): 70%
- Sales % Chg (Last Qtr): 40%
- Sales % Chg (Previous Qtr): 40%
- 3-Year Sales Growth Rate: 10%
- Annual Pre -Tax Margin: 9.8%
CFLD - Reverse trend and retest?Generally speaking, I'm looking for this stock to come out of its current bearish trend and go bullish after a possible retest when it breaks the trend. Volume looks good. We also have a Morning Star indicator as of today's bullish candle. The stock also appeared to close at a support level and the bullish candle has no upper or lower shadow.
At best there is a seems to be enough volume building up over the past few days to possibly break through estimated resistance near 13.06 and start trending towards the next level at 14.10.
Thoughts? Criticisms? Ideas? All welcomed. Thanks.