CLF - Starting pullbackCLF looks to be moving lower, at least to test the VPOC 22.5 area. Then might weaken further... we'll see. I bought the Nov26 23p for 1.13Shortby simplenothingUpdated 0
$CLF Structure, 618%, 89 ema, and Gap 21.75 / 22.25$ value area for me. lets see if buyers step in, If it loses this .786 will come quick. use caution. $CLF trades clean, especially w harmonics! Longby HiddenharmonicstradingUpdated 776
CLF correction completed.CLF correction completed. The analysis shows that the CLF movement has created a symmetric movement around the ATR axis. Consequently, the lower amplitude of the downward corrective wave may have reached its local minimum at the level of 22.17 usd. In other words, this is the level from which I expect a rise. Next target price : 32.51 usdLongby meszaros111116
Infrastructure Play: Plan your levels and tradesAgain, a cautionary note - like X, keep an eye on the levels and trade tactically with an underlying fundamental rationale. Debt ceiling etc., still not resolved even though infrastructure bill passed. Longby Adam-Cox1
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 by Spotshooter1983111
CLF Daily chartHuge spike in volume after a nice support set in. Look for a rally to the old resistance level around the $28 rangeLongby The_Marketsurfer2
10/24/21 CLFCleveland-Cliffs Inc. ( NYSE:CLF ) Sector: Non-Energy Minerals (Steel) Current Price: $23.85 Breakout price trigger: $22.45 (hold above) Buy Zone (Top/Bottom Range): $23.40-$21.80 Price Target: $28.00-$28.60 Estimated Duration to Target: 28-31d Contract of Interest: $CLF 11/19/21 24c Trade price as of publish date: $1.30/cntLongby lord_catnip5
CLF Chart looks gorgeous and so do the technicals. Broke back inside its channel. Notice a few other metal names moving this morning to. it could be 3 reasons the metal sector is moving today. 1. China ever grande made a coupon payment. 2. Tech earnings were disappointing and there's some sector rotation at play 3. Metal sector had a rough month and this is just a relief rally. what do you think?Longby ContraryTrader115
$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 Longby SimplyShowMeTheMoney5
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 Longby Spotshooter1983Updated 0
$CLF Cleveland Cliffs Trade above 100ma. Hopefully you find the chart helpful in terms of Supports & Resistance etc. we refrain from adding commentary on the chart as that is reserved for our members and we are very conscious of not giving financial or trading advice. Thank you for taking time to consult our chart and we would really appreciate a like, follow or comment. Longby Xclusive-Trading5
Symmetric triangleIt looks like a breakout is about to happen. The overall picture looks bullish. We got above the P-Pivot point, also reclaimed the 20 EMA once again. As for the indicators; RSI and MACD indicate more upward movement. The only concern is that the price is stuck between the 2 EMAs. We have to get above the other one as well, with high volume! Short term price target: 23,49 Support: 21,16Longby benedekdomotor222
Run into earnings?Going back almost a year the MACD is at the same crossover point from a big run after positive earnings last year. The only thing holding this back is the current disaster the government has on market conditions. I am still bullish with hopes we see a run to near all time highs in the next couple of months if earnings is positive. Longby anschutz22
Buy CLF 28/9/2021You can buy CLF target 25.63 stop loss 18.44 money management your responsibility. I recommend entering a maximum of 10% of the portfolio. Good luckby amr_youssef24
CLF Double Bottom wLooks like a good reversal going into another bullish wave. Bounced at key support levels and w/ fears of inflation it wouldn't be surprising to see more volume going into other sectors such as non-energy minerals. Longby AmalK14115
Bullish Continuation? CLF has been on an upward trend for several months now following a trading channel very nicely in the stand deviation ranges. The stock has recently been on the decline pushing outside of the dev channel today. Is this sign of a reversal of trend to the downside or a continuation of its recently predictable pattern to the upside? Just an idea it continues with good upside. by anschutz20
CLF Channel PlayThesis: Playing the bounce off of the bottom of this channel. Might dip just a bit more first to $23. Target: $28 Trade vehicle: 9/17 $25 calls @ $0.54Longby JaviCharts1
CLF modified Head and ShouldersCLF, despite a recent jump in HRC1! steel futures, continues to selloff. It's day candles reveal a 3-peak pattern commonly understood to be a "Head and Shoulders". Despite the modified (angled) neckline, I still read this pattern as incredibly bearish. CLF is also quite close to invalidating a strong 1y trendline (pink) for the second time in the last quarter. While I personally don't have any interest in a short position for such a fundamentally strong stock, this pattern and support break presents enough concern to dissuade me from taking a long position until sometime in September. My guess is other technical investors will feel the same! CLF seems likely to stop selling off at the 21.60 level, which is both the 0.5 Fib zone, as well as the end of the neckline for the Head and Shoulders that have formed. I will wait for strong reversal confirmation before taking a bullish positions. Any long positions should consider the impact of upcoming earnings 10/22, and look to take profits before then. Fibonacci time zones call for a local top around Oct 14th, about a week prior to earnings, which aligns with historical price action. MacD and RSI are both moderately bearish and congruent with the Head and Shoulders bear sentiment.Shortby ITMmatty1
CLF.. bearish diamondWhite lines - Channel Purple line - Split channel Bear diamond - Yellow lines Bear diamond spotted on CLF, Fell through support yesterday but i missed it. Target is channel bottom around 20$. Bounced off split channel today.. good entry below 23.20 -23.00Shortby ContraryTrader2
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.Longby SmoothJB5
CLF - Going upAccording to Traders-Paradise Algorithm, this has a high chance of going up as the TakeProfit & StopLoss strategy indicate. For day traders - 11/8/21: High chance for going up today.Longby Traders_Paradise0
$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.Shortby ITMmattyUpdated 333
Cleveland-CliffsVery difficult entry point, but excellent risk management. The stock is still in a long trend, so a trading idea is to retest either the trend line or the support level, which will give us confirmation at the beginning of a short trend and confirm a downward trend. Let me remind you once again that these are just scripts. If it follows the script, then you can go. Deviations of the script are possible, but it is necessary to redo it competently. Stop 0.5% Take 1 to 24. If the scenario works out I will pull up the stop for each previous local maximum. Don't forget to Like and write comments. Shortby monsRUSUpdated 3