CLF: $5.50 Short Target + Long Potential
First off, don't take anything I say seriously. As always, this is on the basis of opinion not financial advice. That being said, let us get into some of my key points. I believe realistically setting up a target given the past negative correlation curve as well as breakouts, one could be looking at a $5.50 price point for the Cleveland Cliffs, as demand for precious metals and industrial materials should also be going up in the curve. I think it also has some long potential, but it is too early for me yet to call a long.
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