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CLEVELAND-CLIFFS INCCLEVELAND-CLIFFS INCCLEVELAND-CLIFFS INC

CLEVELAND-CLIFFS INC

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CLF trade ideas

CLF is one of the best long-term investments... With a very long time to climb. The exchange rate builds another rising wave structure. Probably a dual wave structure can be talked about. The first wave structure can be an impulsive wave. The target price is 13.34 usd. Based on technical considerations, a nearly 2 usd band is expected to be built on this chart with a yellow square. It can stay for several days. Then, an upward exit can trigger the second wave structure. Which speed can increase. The next target price is 19usd. But the next prediction calculations are predicting a further increase. But the data needed for clarification has not yet arrived.
NYSE:CLFLong
by meszaros
$CLF bouncing off support& bullish falling wedge.5 bagger coming$CLF is bouncing off multi month trend line support after recent blowout earnings which pushed $CLF out of a channel and well over $11. Buyable pullback here and it is just now pushing higher out of bullish falling wedge. Strong fundamentals going forward and best met coal in the industry. CEO is talking about instituting a dividend. $CLF used to be over $100 a shares years ago and I would be surprised if $CLF is not $50 a share in the next 5 years. I have added significantly on this pullback and it is my largest holding. Listen to the recent conference call please. The CEO is very bullish and he is not a permabull by any means.
NYSE:CLF
by ProfitablePattern
CLF long ... The exchange rate builds the second wave of a triple ascending wave structure. Specifically, the second ascending wave structure moves in the correction sub-wave structure. Since the initial wave was impulsive, the correction wave structure could also be upward. The third rising wave structure may have an accelerated wave structure because the slope of the ATR axis increases (purple line). This may result in an increase in the rate of increase of the exchange rate. Thus, the target price for the third wave is around 16 usd levels.
NYSE:CLFLong
by meszaros
CLF, Wave 3 of 3 possibleCLF is an iron ore producer which services US Steel production. If Trump gets his infrastructure spending, or defense budget increase, steel utilization should remain strong. The year-long correction and consolidation looks like an Elliot Wave 2, and offers compelling a support level. As of right now it is being rejected by the 50 and 200 ma, so it is still very risky. The consolidation could extend the better part of 2008, producing a double or triple combo wave. - A stop below support would allow one to ride the noise and see if it plays out, but position would have to be tiny. - A stop below the 2/6 pivot would be 10% risk. Because it is below the 50 and 200 MA, I'll wait and see if it declines further. A tag or stop run of support would provide a very good risk-reward ratio.
NYSE:CLF
by tangman
CLF: Contrarian OutlookCLF is a buy in my opinion but the price must close above the .786 fib retracement box I have placed in on the chart for a long position to be considered. Noted for a lagging share price to the industry, yet considered a great company with potential. To those trading the steel market, fundamentally the opinion is definitely swaying towards bullish for 2018. --US housing starts rose 3.3% to a SAAR of 1.297 million units (November) and The Architectural Billing Index rose to 55, both of which are good signs for an increase in the demand and spending on steel. Coupled with the future infrastructure projects proposed by trump signs are looking good. --Toyota/Mazda plant has just been approved in Alabama, estimating 300,000 vehicles per year starting in 2021. --Chinese Steel exports have fallen for over 15 consecutive months. ---CLF announced a new HBI plant in Ohio w/ a capacity of 1.6+million tons a year. For a safe position, i am looking for price to close above the .786 fib as stated above, this would reject the potential pattern i have drawn on the chart. The boxes are calculating +/-2 % variance of the Fibonacci ratios. If we do not see a close above, a daily doji and a bounce of the .786 could be signs for a lower share price. In that case look to enter around 5.70 which seems to be a good support, or look for a completion of the ABCD pattern.
NYSE:CLF
by Jroge107
Two technical things in a chart patternFirst this have a double bottom in the pattern at a 5.60 price area Second This form is a triangle and the price is breaking the resistance line of this triangle and this is a mining company in the basic material industry and the gold, silver and cooper futures are very bullish now. what else do I need to know This trend line was broken today 01/02/2018 from my weekly point of view and always need to wait for a pullback who retest the line but now from a support point of view the other important aspect here is the line was broken today Monday and I need to wait for a weekly candlestick closing above the resistance line for check that it is a clear breakout and not a bullish trap or whipsaw: but I shared The idea today because there are lot of things here like a very bullish S&P and a weak dollar too combined with a strong gold, these are a very good fundamentals ingredients. The other is the research about the Financial numbers of this company (Earnings, PE Ratio, 52 Week High, etc) but fundamentals is not my job I comply with putting ideas on the table based in technical analysis specially breakout and pullback And this chart meets the requirements the breakout is happening now and wait for the pullback is the second part of the job This idea is for a long term trade, swing or even a position trade. Again I repeat the handle of the position is not my job because I only I a Analyst I not a trader but my ideas speak for themselves Look the chart I do not need to draw a lot of lines and display a lot indicators, this is called price action with the use of a very simple technical analysis combined with a clear candlestick interpretation (No fancy names for the candlesticks) Patience, and weekly charts :(
NYSE:CLFLong
by Alex_Quiroga