ProfitablePattern

ProfitablePattern

$NIO gapped higher today and is grinding back up to the opening print highs of $9.09. If we close strong I expect a move to retest IPO highs near $14 fairly quickly.

ProfitablePattern

$X gapped down on earnings & the buyers got to work immediately on enormous volume flushing out all the weak hands. X has been grinding sideways and now looks ready to ramp higher out of this bullish symmetrical triangle. Long and adding

ProfitablePattern

$CLF is United State's best and largest high grade iron ore producer which goes into American made steel. Business is already booming and with the $VALE disaster $CLF will be seeing significant more business at higher prices and higher margins. I am adding more shares here at support to make $CLF my largest position again. #Infrastructure buildout coming for our...

ProfitablePattern Updated 

$CLF just announced blowout earnings & shorts continue to get it wrong and in fact add to their losing position. Short interest has just grown to over 55 million shares and the stock continues to stair step higher. I am buying back the shares I sold on the earnings report and now approaching a full position again. $CLF is forming yet another bull flag and great...

ProfitablePattern

$USCR looks ready to pop higher soon. Bullish Inverse head & shoulders.

ProfitablePattern

$SUM has been cut in half from 2018 highs. $SUM just printed a W bottom and printing a bullish symmetrical triangle after recent earnings. I am long looking for much higher prices. Expecting a boom in business from infrastructure rebuild coming and perhaps even a wall which will need a lot of basic materials that $SUM produces

ProfitablePattern

$MTW recently announced stronger than expected earnings and had the largest volume day in a year on Jan 31. This was the final flush needed clearing the way for a new uptrend and higher prices. $MTW was $44 a share in 2018 and is now sitting near $17 offering an attractive entry point. I am entering long today

ProfitablePattern

$USCR chewing away at the neckline of a bullish inverse head and shoulders. I am long with a measured move target of $63. We get an infrastructure bill or a deal on the wall and $USCR will get a nice share of the business for sure

ProfitablePattern

$RRC has been hammered the past two week buy finding support at December lows. Great entry point long right here.

ProfitablePattern

$CNX has been pummeled down 40% in two weeks after earnings and we are given a low risk long entry here at trend line support. $CNX has no insider sales in over a year and is owned by many smart investors such as David Einhorn, Ray Dalio, Isreal Englander, Mario Gabelli and Southeastern Asset Management. I suspect we see these investors start to rattle the cage to...

ProfitablePattern

$CLF ripped higher last week on 6 times normal volume on iron ore disruption news from $VALE and has been consolidating on low volume in a bull flag. $CLF is a pure play on high grade American iron ore and is set to to take advantage of skyrocketing iron prices. Trump is going to build his steel wall one way or another and I can guarantee American materials will...

ProfitablePattern

$GPOR has been cut nearly in half from a year ago and is one of the best values on my screen with excellent entry point right here. I am a buyer.

ProfitablePattern

$EQT channeling higher giving opportunity to buy at support right here. Near Term target $26. Long

ProfitablePattern

$APC is a best in breed Nat gas and oil producer who has a very strong management team. I am long looking for a $66 measured move target

ProfitablePattern

$CLF stair stepping higher and had massive volume power move yesterday. This anchors further gains to $13+ and will come soon. #Shortsqueeze

ProfitablePattern

$CLF is the largest independent iron ore producer in the United States and will take an even larger lead in 2020 with brand new HBI plant in Toledo coming online. With the disaster in Brazil by $VALE who is likely the largest iron ore producer in the world, there will be a need for alternate suppliers such as $CLF while some of $VALE production is offline and new...

ProfitablePattern

$CLF was over $13 in just September and we have a gift here in the single digits. $CLF is the largest producer of high grade American iron ore which is the feedstock for US made steel. #BUILDTHEWALL #INFRASTRUCTURE

ProfitablePattern

Updated chart from yesterday. We have pushed through the neckline of inverse head & shoulders. Looking for $53 in time. $USCR was nearly $100 a share in January 2018 and has been decimated to recent levels. Chart is a bit sloppy as stock has a thin float, but I see a bullish inverse head and shoulders with a measured move target of $53. From the top of the head to...