Trade Update: $CLF Gapping Up on Positive RSI = Strong

BotTrigger Trade Update: $CLF Cliffs Natural Resources is totally fine. We have no reason to sell this yet. It's just getting started. Positive RSI Breakouts when coupled with a gap up are the best kind. This usually means higher is coming. When you get a gap up with bearish/negative RSI divergence usually results in a reversal of the gap up. Take notice of the RSI reading on $CLF today. Notice that the gap up we're seeing is happening on a change in RSI -relative strength index, indicator. Now compare that increase to where RSI was when we bought back on Jan 10. Notice RSI is higher than when our first alert. So this breakout is strong. CLF is now a canidate for a position we want to be adding to. We will wait a few days and see if CLF can cool off and retrace a FIB retracement % of the move. Remember the classic pullback zone for stocks that rally, when measured from trough to peak are usually around 38.2 % to 61.2 % of the rally is retraced before moving higher. Like when we bought on January 10, we actually saw more than a 100 % retracement. Now that we have this huge gap up on CLF, coupled with the previous breakout from our first entry, it's doubtful we see another 100 % retracement. Instead expect the pullbacks to get more shallow, something closer to 38.2 % to 50 % being give back. Why? Because pattern cultivation suggest that bears won't be so eager to let this go and that the buyer aggression is becoming emboldened.