Although still solidly entrenched in a downtrend, a lasting trend reversal in CLF may be close at hand.  My preference remains a gradual scale-in strategy, allowing for additional downside in the stock, which is quite possible.  However, with the stock at the top of a large support zone on the weekly chart as well as strong positive divergences in place on the daily time frame, a reversal in this stock could come at any time.  Updated daily & weekly charts: