Action:
CF has a strong yoy trendline channel, as shown in the blue lines. It is now very close to the lower trendline (@121) . Betting with the tape on stocks like this, and also because we believe the DJI/SPX are oversold in the short term now.
Guess:
We wish CF corrects more towards 121. The stochs are already in oversold territory. RSI still has some ways to go. But strong stocks like CF don't stay very long down in the dumps. We will start adding to CF around 125
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