CLF trade ideas
$CLF iron ore will be the guts of the wall #infrastructure $CLF is United State's best and largest high grade iron ore producer which goes into American made steel. Business is already booming and with the $VALE disaster $CLF will be seeing significant more business at higher prices and higher margins. I am adding more shares here at support to make $CLF my largest position again. #Infrastructure buildout coming for our roads, tunnels, bridges.
$CLF gathering for a run to new highs. #SHORTSQUEEZE Coming$CLF just announced blowout earnings & shorts continue to get it wrong and in fact add to their losing position. Short interest has just grown to over 55 million shares and the stock continues to stair step higher. I am buying back the shares I sold on the earnings report and now approaching a full position again. $CLF is forming yet another bull flag and great long entry here at 8 day ema which has been support on this run higher.
Cleveland-Cliffs Inc.Cleveland-Cliffs, Inc., formerly Cliffs Natural Resources, is a Cleveland, Ohio, business firm that specializes in the mining and beatification of iron ore. it has a very good area of demand for setting up a trade .
$CLF Bull flag breakout heading to Sept $13 highs. #Shortsqueeze$CLF ripped higher last week on 6 times normal volume on iron ore disruption news from $VALE and has been consolidating on low volume in a bull flag. $CLF is a pure play on high grade American iron ore and is set to to take advantage of skyrocketing iron prices. Trump is going to build his steel wall one way or another and I can guarantee American materials will be used and $CLF is set to take advantage. By the way, there are over 48 million shares sold short as well. #Shortsqueeze #Infrastructure #USA
$CLF massive power squeeze to $13 coming. $VALE #IRONORE$CLF stair stepping higher and had massive volume power move yesterday. This anchors further gains to $13+ and will come soon. #Shortsqueeze
$CLF Buying the dip. USA pure play iron ore going higher. $VALE$CLF is the largest independent iron ore producer in the United States and will take an even larger lead in 2020 with brand new HBI plant in Toledo coming online. With the disaster in Brazil by $VALE who is likely the largest iron ore producer in the world, there will be a need for alternate suppliers such as $CLF while some of $VALE production is offline and new iron ore investment by $VALE is off the table. Iron ore prices will be going higher.
Headed back to Sept highs $13. American made iron ore baby$CLF was over $13 in just September and we have a gift here in the single digits. $CLF is the largest producer of high grade American iron ore which is the feedstock for US made steel. #BUILDTHEWALL #INFRASTRUCTURE
$CLF bull flag breakout after long downtrending channel$CLF has been a downtrending channel for months and pushed out of the channel recently consolidating in a bull flag. Now pushing higher out of bull flag and I can see this cruising back to September high of $13 in time.
CLF before 35% increase. The exchange builds on a double rising wave structure. The exchange rate target price is 11.87 usd. 35% increase from the current level.
Cleveland-Cliffs 12 RRR shortTrading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based Fibonacci retracement triangle is drawn starting from the earliest trend touch point and ending at the earliest touch point of the opposite trend line .
4. Based on the degree, of the earlier defined angle, the appropriate (and secret) levels are selected for the fibonacci retracement ; two levels for stop-loss and two levels for take-profit. The closest stop-loss level to the current price level is the top priority stop-loss. Though the secondary stop-loss level is often chosen for some markets such as FX and some equities in order to account for seldom unexpected resistance breaks. The greater target level is the top priority, and where majority of the shares are sold, though some may choose to close part of the position at the first target level or set it to be the stop-loss once price exceeds it. Entries should be laddered in around the levels closest of the yellow line.
This trading strategy can be applied to any market and time frame, and positions most often garner the greatest risk-to-reward ratio with the highest success rate. What more can you ask for? I will only be posting my unique trading strategy until EOY. I work solely with price action to identify pennants and apply unique trend-based fibonacci retracement levels for SL and TP levels. Reach out to me if you have any questions.
CLF increase the target price... The analysis of the exchange rate movement is unchanged compared to the previous analysis. The target price was higher. Expecting the current level, we expect a 47.5% increase in the exchange rate. The target price is 13.15 usd.
CLF before 26% rise...The exchange rate has begun to rise, from the correction axis (yellow line) that coincides with the intersection of the wave axis. Here I note that the axis of the fractal point coincides with the axis of the wave axis with the mirror axis. This means that the exchange rate increases with a strong D1 parameter ATR, which is likely to increase. We assume the construction of a dual wave structure where we are in the first rising wave structure. Correction for 10.35 usd and second wave structure will be expected. The primary target price is 11.72 usd. With further rise in prediction.
Posible formación H.C.H en CLFSi se presentara algo de debilidad hoy en el precio, realizaría una entrada bajista, posiblemente dure 2 dias la bajada, luego entrar en largo para formar el hombro.
$CLF bouncing at triple layer support. Looking for a double.$CLF recently posted strong earnings and instituted a dividend. $CLF is the #1 pure play iron ore producer used in making steel. I am looking for infrastructure rebuild to be a theme in 2019 of which $CLF will be a vital player. $CLF is buying back near term debt and has a strong free cash flow which is improving every quarter. Longer term I am looking for at least a double from here.
There is still a correction at CLF's rate...There is still a correction at CLF's rate. We expect a further reduction in the exchange rate. The level of the correction level is 8.9 usd. Then we expect a sustained rise. For the exchange rate it will be far above 13usd.
CLF MULTIPLE INSIDE DAYSKEEPS CONSOLIDATING AND BREAKING UP
VERY TIGHT HERE
ON WATCH
PREFER A BREAK UP AND RETEST
PROB WONT BE SO CLEAN
CLF - EXPECTING A DEEPER CORRECTIONCLF seems in a turning point after the previous breakdown. Look to the price action on the level posted on chart for a potential wave down. Bullish divergence for one more attempt to the upside.
CLF target price is 15 usd...The exchange rate seems to have begun to be corrected. The correction level is expected to be close to 11.93usd. From this level, another rising wave structure is likely to reach up to 15 usd levels.
