BUY $CLF – DD RESUME UPWARD TMRW after Institutional Long Holders Pairing Off Against Retail
$CLF Not performing on the day with the most chatter the whole day. Post a 14% run up yesterday, it’s prudent for some of the long institutional people to sell some of their position. They were pairing off against retail buyer flow with a sell program running today keeping the stock tampered the whole day. If chatter continues and WSB community keeps putting buying pressure, we’ll see another run up and then that’s when the shorts come into play and will start having to cover. The volume today was solid and the price held thus confirming price discovery at this level. They’ve got their position tapered and we can start trending back upward tomorrow!!!
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June 10, 2021 at 03:48PM