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CLEVELAND-CLIFFS INCCLEVELAND-CLIFFS INCCLEVELAND-CLIFFS INC

CLEVELAND-CLIFFS INC

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CLF trade ideas

CLF(Cleveland-Cliffs Inc) begins to rise.CLF(Cleveland-Cliffs Inc) begins to rise. In the technical analysis, we can see that an ATR axis that has been forming for many weeks has turned into a wave sequence axis. The sub-waves of the wave sequence were accurately used as a resistance level and then crossed the axis, now acting as a support level. It can also be seen that the longer wave sequence uses the former ATR axis as an exactly symmetrical axis. This may help in determining the next target price of the now following NYSE:CLF rising wave phase. When considering the next sequence, we should consider the wave sequence formed in the blue square. This means that the next target price could be : 28.60 usd.
NYSE:CLFLong
by meszaros
CLF a leap strangle strategyWe all are told as traders that 2 years is too long a window for a strangle. Here is a different way to approach a strangle as an investor/trader. First do the due diligence and decisde this is a company you would own all of at the prices that it could be put to me. This is a great company pushing all the right buttons. The strategy: I sold the $42 call and the $12 strike put for January 2024. I collected roughly $6. Note that the stock will have to be above $48 and below $6 to cause any pain. For those new to the concept, I keep the cash and I invest the entire proceeds plus my cash into my favorite monthly trade at this time GGN. GGN trades down after the dividend ex date and up the last week into the next monthly distributioin date. Gaming the common is not difficult and represents a 10% annual distribution on the $42 I invest in GGN. Since I will gain $4.20 the first year, I look to game the GGN and leave the strangle alone as a position that I would be happy to own for nearly nothing within the $42/$12 channel. I will again roll this position when new father out leaps are available. A theta strategy for investors who will roll and trade the position when opportunity presents itself. I like my chances. all the best
NYSE:CLF
by Spotshooter1983
1
$CLF earnings analysis*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: My teams still holding $CLF shares from our three entries at $13.27, $18.06, and $20.60 We are not planning to sell anytime soon...In fact we have actually removed our original take profit from this trade in anticipation of the bright future this company holds. Earnings are expected to be released premarket on 10/22/2021. We're not huge fans of the current chart set-up from a technical perspective, but looks can sometimes be deceiving. Either way we're not selling our shares. If you do not have any early entries on $CLF my team highly recommends that you proceed with caution...but if you do then just sit back, relax, and enjoy the show. In the long-term we have absolutely nothing to worry about the way things currently stand. Good luck to all. If you would like to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:CLFLong
by SimplyShowMeTheMoney
CLF - a second chance to follow the trendI posted a chart on my investment in CLF prior to this chart. The good news today is the announcement that the company used free cash to retire the series B preferred stock related to the ArcelorMittal deal thus effectively reducing proforma share count by 10%. This is a positive earnings driver for the share price upward over the next two quarters. The $22 strike, 2023 leap puts I sold are in the money. This is a move which is more than twice the 20 day average true range. To follow the trend, additional investment of an additional 2% of total account value is required. I like my chances. all the best
NYSE:CLFLong
by Spotshooter1983
CLF modified Head and ShouldersCLF, despite a recent jump in HRC1! steel futures, continues to selloff. It's day candles reveal a 3-peak pattern commonly understood to be a "Head and Shoulders". Despite the modified (angled) neckline, I still read this pattern as incredibly bearish. CLF is also quite close to invalidating a strong 1y trendline (pink) for the second time in the last quarter. While I personally don't have any interest in a short position for such a fundamentally strong stock, this pattern and support break presents enough concern to dissuade me from taking a long position until sometime in September. My guess is other technical investors will feel the same! CLF seems likely to stop selling off at the 21.60 level, which is both the 0.5 Fib zone, as well as the end of the neckline for the Head and Shoulders that have formed. I will wait for strong reversal confirmation before taking a bullish positions. Any long positions should consider the impact of upcoming earnings 10/22, and look to take profits before then. Fibonacci time zones call for a local top around Oct 14th, about a week prior to earnings, which aligns with historical price action. MacD and RSI are both moderately bearish and congruent with the Head and Shoulders bear sentiment.
NYSE:CLFShort
by ITMmatty
CLFHere’s another textbook channel play on the ticker $CLF. Currently, we’re at the very bottom of the channel, bouncing perfectly on our line and slightly consolidating. Previously, there was a break to the downside but we saw a rejection at the $19.76 line of support before returning to the ongoing pattern and continuing its momentum to the upside. We don’t see any green candles currently, so there’s a chance it can break and test the new line of support at $21.94. If it does break below $21.94, we’ll be looking for a short-term short position with a goal of the $19.76 line of support that had that rejection. If it breaks further than $19.76, we’ll be looking at a long-term short position of ~$15.06 or below. However, I’m feeling bullish and I’m expecting this to continue its trend in the channel to the upside with a goal of ~$27.44. The flow is looking massively bullish and the RSI is showing room for some more movements to the upside. I’d like to see a bullish engulfing candle sometime soon or a break of the $23.58 resistance level before entering into a long-term bullish position. If it does break, we’ll be holding our bags all the way up to the top.
NYSE:CLFLong
by SmoothJB
$CLF correction inevitable, still bullish long-termMacD and RSI on CLF calling for a selloff, I think we'll see it follow this ABC type correction pattern instead of a complete dump. If it tests white support line at point (C) I will be adding heavily to September calls. Currently in a short position. MacD is almost identical to every single prior selloff. Ultimately I am long this stock but the short term swing seems undeniable. Assuming ABC correction based on previous correction patterns and timeframes. Fib time zone placed between apex of bull trends.
NYSE:CLFShort
by ITMmatty
3