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CLEVELAND CLIFFS INC COM USD0.125CLEVELAND CLIFFS INC COM USD0.125CLEVELAND CLIFFS INC COM USD0.125

CLEVELAND CLIFFS INC COM USD0.125

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CLF: Profited 33.74% price so far! Have We Hit Our Target?Traders We've taken 33.74 percent of CLF's ENTIRE price here and made some great money here (Beyond great)... Just by using basic analysis and a dash of common sense. We're now at a previous support line, could we see target hit here? Or is there more downside level to be had? Best of luck traders Tom Note: Interested in personalised face to face or online trading tuition? Message me on tradingview, or email me on the email address of my profile page. Thank you.
NYSE:CLF
by TomProTrader
CLF: Expecting A Downside Move In The Near FutureFriends CLF is looking good for a short soon, to the downside. It is worth noting that the stock is in the process of a three drivers pattern, and this final leg brings you all into the buying range, so like every time you short a third structure leg, you take profits early, as pin bars, and other shiz are likely to form at these sort of bottoms This stock is NOT ready to trade now, I expect a resistance retest first, and a nice move down, safer buys are obviously above the short term ascending channel, which co incidentally breaks at the exact same time as the support resistance zone, a zone which is important to break to assure safety and actual bearish enthusiasm into this trade. If we ttrade above 7.50's, this idea is void. Regards Tom
NYSE:CLFShort
by TomProTrader
CLF- Waiting For Outcome For Possible Long Or Short TradeFriends, CLF. There's reasons to go long and short. Depending on what happens in the next few days. Some traders can't handle changing sides in a heartbeat because it defies the natural course of thinking. Almost all traders will have a bias and become attached to it, ignoring what the chart is actually portraying. Here, if we break 4.50, I'm going short, if we break 5.45, i'll go long. Simples. (Providing we see the right candlestick signals going in those directions.) Why would I go short if that small internal channel range was broken? If any of you figure it out i'll be impressed. Good luck traders. Tom
NYSE:CLF
by TomProTrader
CLF - Falling to a trendline support, then reversalCLF was in a long term strong bear channel that broke out to the upside on a climax in late July and is now in the process of pulling back to retest the trendline. The test will come at around 14.50. A couple of trendlines support that price and the bear channel will fall right into it. There is such strong selling that I think the best the bulls will get after the test is a broad trading range (between 16.50 and 14.50). 14.50 is a good buy zone once we see a nice bar/ candlestick reversal
NYSE:CLF
by mbrennan
CLF - Transitioning with a Double bottomFirst thing I need to say is that this chart is very long term based, more than one year. CLF is a mining company that specializes in the mining and beneficiation of iron ore and the mining of coal. Some of its competitors are VALE, BHP and RIO. Its chart is best correlated with VALE. What makes this particular stock more interesting than its competitors (all lost a lot of their value due to the drop in iron ore prices) is the surge in volume. Volume in CLF is double what it used to be 2 years ago, and price is going sideways. This means that someone is buying this stock for some reason. I always thought until now that something important fundamentaly happens and then you can see it on the chart. Well, recently, I started to believe that you can see fundamentals through technical analysis, before the data is released to the public. That might be the case here, cause for some reason, as I said, someone is buying, and it looks like CLF is accumulating. Looking at the chart, the moving averages and price action is telling us that maybe the downtrend is over, both moving sideways. There is a Double bottom with a huge class B bullish divergence on the weekly chart! This usually is a very strong signal. There is also a slight divergence on the histogram, poiting out that bears lost power. Major support is around 15, and as long as we stay above, my bias is bullish. A close below this level and I'll have to reasses my plan, and probably cancel it. First target would be 28$, which is the double bottom neckline, and also previous support from November 2013. The Double bottom target is at 40, where there is a strong resistance and a fib level. Further away, major resistance stands at 47$, a level that coincides with a fibonacci cluster. I never traded for the long term, so I preffer to trade on the daily, keeping my bullish bias from the weekly. I will be posting charts with the daily setups that I see, only on the long side.
NYSE:CLFLong
by vlad.adrian
5