CLF 44% correction may comeCLF 44% correction may come. Cleveland Cliffs shares are facing a significant correction. Nevertheless, I suggest using this correction to take a long position. The ideal entry level can be 5usd. In the event that this correction occurs, a strong north turn is assumed. The analysis shows two target prices. The nearest target price is based on the calculation of the Fair value. I note that in calculating the Fair value, I have already used the Q3 financial data published on Friday. I got 21.7usd for the target price. I consider this to be the primary target price. I got the second target price according to fractal calculations. This value is higher than 30usd. From this it can be concluded that after adjustment, CLF shares are facing a 480% increase.
CLF
OIL WTI - strong rally to the next possible resistanceAs we mentioned in our previous analysis about the oil market there was a time for a rebound. However, the current trend seems to be stronger than we previously anticipated. The price has easily broken the potential resistance at 29,14 USD. The next one could be located near 42 USD per barrel.
From the Elliott wave perspective, the current upward movement may be labeled as wave “a”. If the correction occurs the wave “b” may find support at 29 USD. To finish the whole structure there should be also a wave “c”.
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Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
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CLF: $5.50 Short Target + Long PotentialFirst 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.
CL.F, MN - USD 9 per barrel of oil? - ContinuationA month ago we have described a potential head and shoulders pattern on the oil futures market. According to this pattern, the textbook target may be located near 9-10 USD per barrel.
This could be a still possible target for the price (if there were no contango and contracts rollover). In this area also the 161,8 fibo expansion is located. It should be interesting to watch this area in the possible coming days or weeks.
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Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CLF - 3 Touch Set to jump bullishCleveland-Cliffs is expected to have the first production plant of Hot Briquetted Iron in the Great Lakes region.As traders get to know about the new plant, the share price will gradually creep up to cross the $9 mark. It is a magnificent buying opportunity.
A conservative model reveals that the new plant would bring, at full capacity, $150 million per year.
From a technical point, CLF daily touch of zone 6.70 - 6.50 rejected.
Low risk opportunity in AK SteelAfter breaking through inverse H&S and long term resistance in December and making nice rally afterwards, NYSE:AKS continues to correct in what appears to be bullish flag.
However, now stock finally is approaching various support lines including IHS neckline and current market sell-off may be used as a nice opportunity to attempt low risk buy entry for another major leg higher, if it comes.
CLF Buy Long Term CLF might be a really good investment for the long term:
-Trade war U.S. - China (a cause of the bearish momentum).
-HBI starting to operate in the mid' of 2020.
-Environment-friendly production.
-AKS acquisition.
-Debt/Equity ratio: 5.86
-2.90% dividend
I might consider this company as really undervalued with an amazing potential of growth.
Opened to any kind of judgement/debate and constructive criticism, or if you agree, please leave a like :).
CLF before rising 25%... A split graph is shown in the analysis. The figure on the right (monthly time) shows a fractal structure. Those who have been dealing with fractal strategies for a long time may have noticed that fractal movements can take many forms. Near significant levels or along axes. Current analysis assumes that a monthly MA (50) MA can start a fractal movement. If the idea is correct, then the CLF stock has a correction level of 6.87 usd. This is the level where we expect the exchange rate to turn. Let's go back to the left chart (time of day) In this chart, we already have an ATR calculation. The point here is to add the distances of the MA (200) and the MA (50) to the short-long ATR. This is the target price. If calculated correctly, the primary target price for the exchange may be 9.22 usd. Therefore, the current level is more than enough to take long positions.
CLF JOINS S&P SMALLCAP 600 - SHORT SQUEEZE! As we've been posting, Cliffs is a turn-a-round play with a new organic HBI plant coming online within the 1st qtr of 2020.
After the market closed, news hit that the company will be added to the S&P SmallCap 600.
S&P would not list CLF before looking at the company and its financials. CLF is a solid play.
We figure fair market value is between $13 and $15 per share at current earnings, market cap, etc...
With over 100 million shares short, this could be the biggest short squeeze in a long time!
ADDING ANOTHER 2,000,000 SHARES IN THE MORNING BEFORE THE STOCK SPIKES
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5 MILLION SHARES, BUYOUT / GOING PRIVATE. VALUE PLAY, STRONG BUYWe have been in and out of Cliffs for a while.
Recently, the stock again popped up on our scanner.
Cliffs is the oldest iron ore company founded in 1847
We did hear a rumor of a possible buyout / merger and even the potential for the company to go Private. If either of these rumors pan out, we think the stock is worth at minimum, $20 all day long!
Currently the stock is trading at an extreme discount to the industry. In fact, J.P. Morgan just raised the price target to $17.00 due to the high demand for Cliffs Iron Ore.
The stock should be trading around $15.00 right now and upwards of $18 to $20 after the next earnings report.
At current levels, Cliffs is a GIFT!
We are currently only holding CLIFFS and 4 other positions. Everything else we've posted and sold has produced us great returns.
Our track record within TradingView speaks loud and clear!
Position: 5 Million Shares
Average Cost: $9.75
LONG