CLF Is Going Higher

Hi Shoppers,

Check out the doji in Cleveland Cliffs (Ticker: CLF):

CLF traded down to my old resistance new support level and managed to close above the 200 day moving average.

I will watch the first hour of trading this morning and if CLF is trading higher, I will be a buyer of the Mar31 18 calls:

I think CLF can trade back up to $19.35.

Thanks for Reading … See You Next Tuesday,

Licia Leslie

Licia Leslie

Licia Leslie

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About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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