Nov. 14 at 4:27 AM
$CLF is currently trading at
$10.51, below both the 30-day moving average (MA30) of
$12.64 and the 50-day moving average (MA50) of
$12.29, indicating a bearish trend. The RSI at 31.86 suggests the stock is oversold, which could lead to a potential reversal or short-term bounce. The 60-day high of
$16.7 and low of
$9.86 indicates a wide trading range, providing room for price movement.
Suggested entry point is around
$10.60, slightly above the last close to confirm momentum. Set a stop loss at
$9.80 to limit potential losses. Target 1 is
$12.00, aligning with the MA30, while Target 2 is
$12.50, near the MA50. This plan leverages the oversold condition while respecting the prevailing bearish trend.
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