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Saturday, January 28

CLF $66.50 Buy entry

 

I did a technical analysis on CLF chart to get back into the stock.

The fundamentals of CLF remain strong given its healthy balance sheet and demand for iron ore.

The suggested buy entry is based on Support line as shown by the 3 circles and the Fibonacci retracement lines of 38% and 62%.

Take a look at the chart for yourself.

 

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