$CLF ATH! short term short

11 thg 3, 2022

CLF hits the all time high yesterday after surge of demand on energy and metals. ceo of the company appeared on tv encourage everyone that
this is the best time to own CLF. also one big investor sold their position yesterday for profits as CLF continues to surge up.
the high demand of metals and factories being build around the states driving the stock to keep going up. based on historical moves, CLF tends to
to pull back after hitting the ATH unless some positive news comes out making the stocks surges even higher then ATH.
the pull back could be a short term before it runs up again due to high demand of metals right now.
here's my take for day trade move.

Day trade or scalp target play: 03/ 10 /22

Buy call above 27.09 sell at 27.68 or above

Buy puts below 25.73 sell at 24.03 or below


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