$CLF Great company but massively overbought

4 thg 4, 2022

My opinion on this stock is that its a great company in no doubt one of the greatest fields to be in 2022. But it is way to stretched at the current valuation and I can see the stock testing their support level at approximately 26.5$, the RSI currently is more than 75 points and the company normally trades at 50-55. I have opened a short position myself, let me know your thoughts on the company. As always that is not financial advise as I am just expressing my personal opinion so please do your research.