$CLF Cleveland Cliffs consolidating....Pretty tight consolidation on the monthly chart. The stock is hovering above a recent breakout level which is constructive. A break above $18.77 could lead to further upside.
0I0H trade ideas
Cleveland CliffsThey have a no BS CEO who has a plan!
1. Originally a mining company, CLF has been buying steel mills associated with Arcelor Mittal as of this past year.
2. The Cleveland-Cliffs Foundation, has made several commitments totaling more than $1 million in cash contributions to several food distribution organizations in the local communities where the Company operates throughout the United States and Canada. The Foundation plans to distribute the majority of its funding immediately.
3. CLF has set a target to reduce its greenhouse gas emissions by 25 percent by 2030.
Details in photo!
CLF coming from a historical levelFirst a quick descriptions thanks to the trading view information on the ticker:
Cleveland-Cliffs, Inc. is an iron ore mining company, which supplies iron ore pellets to the North American steel industry from mines and pellet plants located in Michigan and Minnesota. The company was founded in 1847 and is headquartered in Cleveland, OH.
Sector: Non-Energy Minerals
Industry: Steel
We know Industrial companies have been performing better than tech companies in the last weeks; if you don't agree with this, check the Nasdaq or stocks like AAPL / AMZN / NETFLIX compared to stocks like CAT / X / AA.
Let´s check the technical view on CLF
-The price is above a key support/resistance zone coming from 2005
-Currently, we can see an accumulation process going on (yellow lines), also known as a corrective structure
-If we have a clear breakout, we expect a continuation movement towards the next resistance zone, which provides a good risk-reward ratio.
Now we will show you the exact way we will take this setup:
The risk we are taking on this setup is 1% of our capital on the stop loss. Please take into consideration that this is "another trade," so be open to take profits or stop loss; remember that your edge trading this type of structures is after you execute 100 great trades with an average risk reward above 1.5
CLF before a 58% increase.CLF before a 58% increase. It can be seen from the analysis that the price movement of Cleveland Cliffs may continue to move upwards from an accumulation range. The two accumulation ranges shown in the figure have the same percentage and different sizes. The accumulation range now constructed is twice the previous one (logarithmic vertical scale) This indicates the same gain dynamics according to fractal rules. The angle of the ATR axis below the graph also indicates increasing dynamics. The ATR axis formed during the current accumulation phase is steeper than the ATR axis seen below the previous accumulation range. This means that larger movements are expected in the coming period. If we start from the system of fractal rule, we can assume that the larger movements will point not in the direction of volatility but in the direction of the larger rise. Therefore, it can be concluded that CLF shares are facing a major rise. The increase may also be supported by the fact that the fair value of the shares increased from USD 25.76 to USD 28.12. I consider this to be my primary target price now.
CLF Earnings Runup!CLF getting tighter in a flag towards the upside, Enter here, first target $18.77 -> $20.24 -> $21.01 -> Lastly: $22.11. Stop at $14.64 and $13.36
[CLF] CLEVELAND CLIFFS INC. BUY SETUPif equity markets able to bounce again , clf shares can target for mid 20s.
stop below 12.00$.
Correction seems finishedI always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
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CLF - HOT STOCK TO BUY for SWING TRADINGMPP TRADE IDEAS!!!
EVERYDAY A HOT STOCK TO BUY.
HOT STOCK ALERT ON TICKER:
CLF - CLEVELAND-CLFs
PLAN:
BUY CLF NOW!
======================
ENTRY @ 16.95
TARGET @ 21
STOPLOSS @ 15.25
MPP - ALERTS FOR PROFIT AFTER PROFIT
HOT STOCK TO BUY for SWING TRADINGMPP TRADE IDEAS!!!
EVERYDAY A HOT STOCK TO BUY.
HOT STOCK ALERT ON TICKER:
CLF - CLEVELAND CLIFF
PLAN:
BUY AND HOLD CLF
======================
ENTRY @ 17.14
TAKE PROFIT @ 22
STOPLOSS @15
MPP - ALERTS FOR PROFIT AFTER PROFIT
CLF Moving Average Launch PadCLF broke out from a little flag continuation pattern today while also taking out the short term MAs. It pushed off the 10 and 20 and looks poised to challenge the previous highs.
CLF before a 57% increaseCLF before a 57% increase. From my analysis, it can be seen that the correction price movement of the CLF (red square) doubles. If this observation is correct, it can be stated that the current correction is over and another increase may take place. The target price for the rise is 23.08sud. Since the fair value of the CLF stock is 2 usd higher, I expect a further 2usd and rise from the target price to the level of 25.76 usd.
Ready to headback into an uptrend after the recent selloff. Beautiful chart formation going into the Feb 18 earnings. Add in infastructure spending with the new stimulus bill and inflation on the price of steel based on increased demand and you got yourself a nice setup for the upside.
🟢 +20%: #Buy Stop $CLF @18.77 / TP 22.61 / SL 17.49🟢 +20%: #Buy Stop NYSE:CLF @18.77 / TP 22.61 / SL 17.49
$CLF Cleveland Cliff $17.45 target 🎯
Major trend break-
Lots of price history above but maybe sellers are almost out of the stock.
Resistance levels used as our targets
CLF: Long now, SL close below 13, PT 18, 23.5, 27Huge breakout of almost a 3 year consolidation starting in Jan 2017. Might consolidate here yo cool down RSI, but good for long term (2-3 months).
CLF is expected to increase by 100%.CLF is expected to increase by 100%. Shares of CLF (Cleveland Cliffs Inc) began to move in an upward momentum from a channel. These types of movements are characterized by breaking out of the channel from an upward momentum. According to the channel movement rule, the target price is twice the original channel. In the current position, this means that the top of the 2x channel width is 23.08usd. I consider this to be the primary target price.
$CLF Cleveland Cliffs On Verge Of Huge Breakout On Monthly
Cleveland in the process of a huge reversal.
MACD bullish crossover
Histogram positive.
RSI in strong uptrend and crossed midpoint.
Momentum Indicator crossed Zero-line.
Alert set for break above the 100ma.
Target price $12.66 & $15.00
Bullish Scenario for Cleveland Cliffst look like it just did it spring to clear EQL . And starting its Phase C according to wycoff.
CLF LONGCLF looks like an incredible opportunity, there's a sizable institutional interest at the current price.
