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CLEVELAND-CLIFFS INCCLEVELAND-CLIFFS INCCLEVELAND-CLIFFS INC

CLEVELAND-CLIFFS INC

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CLF trade ideas

Cleveland Cliffs for Break out?Just a random pick on one of the top volume contributor stock. Happened to see this counter making nice upward move since it last bottomed in 2016. As seen on the chart, this stock have tested the resistance level with huge volume. Now it is back again at the 11/11.80 testing for another break out. We are not very optimistic about this break out at this point but considering another data coming out in October, we would prefer to pick this up if it drops to $9 Region targeting about 20% movement. For now we are Bias on the Shorts. If the break out happens with strong volume $15 is our target.
NYSE:CLFShort
by TradersArticle
I bet we can do money here. [$CLF]The mission of trader do money, no matter how many time you need for it. At the most successful cases long-term traders make more money than swing-trader or day trader. This stock is the excellent example for long-term trader. HOLD if you have nuts. Lets look at the situation at Steel Market, it will help us to understand the future situations. The CLF produces various grades of iron ore pellets, including standard and fluxed so the first question what you should ask, "What's going on futures on HRC?" The price on HRC has the stable uptrend, which is very addiction from US government and Trump's decisions. I noticed that "Trade War" has not any positive signs for the Steel industry, merely because the Market starts popular among speculators, or how to explain when the domestic products price are equal to import steel price? Cleveland-Cliffs is the strong mining company, that has a long-term partnerships with North American steelmakers, we should be patience because LG is working hard and doing the nice job to make the CLF great again. 3Days Chart. 1Week Chart. 1Month Chart. Like/Comments. Yes, please :)
NYSE:CLFLong
by LudwigStirner
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