ProfitablePattern

ProfitablePattern

$SUM has been absolutely destroyed since early 2018 highs of $34 and now trading at $13. You can buy this materials company at 1/3 of the price it was trading at just a few months ago and join the likes of David Tepper and Steve Cohen who own this buying at prices much cheaper. Once the midterms pass we will see infrastructure bills coming to repair our crumbling...

ProfitablePattern

$LPX has been smoked for a quick 30% basically on overblown rising rates concerns while the fundamental catalysts continue to build. Another hurricane on the way and already building backlogs from recent hurricanes. Rates are still near historic lows and the economy is far from dead.Housing starts are still coming. Also Infrastructure spending coming after the midterms.

ProfitablePattern

$CNX has been strangely immune to the recent selloff which may foretell bullish news on the horizon. Strong nat gas prices now a tailwind and looks headed higher. Long

ProfitablePattern

$SWN stock has been destroyed along falling nat gas prices, but now nat gas is moving higher and $SWN is coiled for a power move higher out of this bullish symmetrical triangle. Buying stock here

ProfitablePattern

$USCR is the baby thrown out with the bathwater almost cut in half since strong earnings in August. $USCR has traded back to long term trendline support and I am buying here today for a swing long trade.

ProfitablePattern

$MAS traded as high as $46 earlier this year now bouncing off trendline support with a bullish engulfing candle today. I am buying stock here looking for $37-$38 as a profit target

ProfitablePattern

$LPX strong bull hammer reversal day after steep 3 week decline. Expecting a sharp rebound higher from here into next week. Long & adding.

ProfitablePattern

$LPX has been torpedoed in recent weeks mostly and has overshot to the downside. I am initiating a long position today near weekly support looking for a bounce of several dollars higher. Don't be surprised if $LPX closes green

ProfitablePattern

$ARCH looks ready to ramp higher soon. $ARCH has been channeling higher above the 200 day ma for the past few weeks. Previous resistance is now support. $ARCH produces the metallurgic coal for domestic steel production. Buying stock right here and now.

ProfitablePattern

$CLF CEO is streamlining the balance sheet, redeeming notes, prepping for returning cash to shareholders, and the free cash flow is weaponizing the process. Once we take out the post earnings highs above $11 with a long bullish base I suspect a melt up in coming weeks to around $15 and 38 million shares sold short are the rocketfuel.

ProfitablePattern

$CLF has been consolidating recent gains on low volume after blowout earnings in July and previous resistance is now support. Very strong volume after earnings is anchoring current support. Breakout though post earnings high over $11 will squeeze $CLF to $12.50 and then $15 over the coming months.

ProfitablePattern

$CLF is bouncing off multi month trend line support after recent blowout earnings which pushed $CLF out of a channel and well over $11. Buyable pullback here and it is just now pushing higher out of bullish falling wedge. Strong fundamentals going forward and best met coal in the industry. CEO is talking about instituting a dividend. $CLF used to be over $100 a...