0I0H trade ideas
$CLF Cleveland Bullish post acquisition
Potential long entry and trade up to the $7.00 level
Company looks undervalued and may be a benefactor of post election infrastructure spending
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Citi analyst Alexander Hacking views Cleveland-Cliffs' proposed acquisition of ArcelorMittal USA as positive for the company and the industry. Consolidation amongst U.S. integrated mills is "helpful and may help smooth the absorption" of new electric-arc furnace capacity, Hacking tells investors in a research note. Further, the deal secures a future for almost all Cleveland-Cliffs' pellets, "closing out what was a major structural risk before the AKS deal," says the analyst. Hacking keeps a Neutral rating on Cleveland-Cliffs shares.
$CLF Cleveland Cliffs Rally Continues
The sector has seen a nice recovery and if the rotation continues it could bring some large gain for CLF
CLF Short-Leaning for a nice pullback @6.1-6.2 range
LONG
-Holding over @6.1-6.2, should continue to push to @6.9
-Long above @6.9 to @8.5
SHORT
-Short under @5.1 to 3.6-3.7 range
$CLF coiled$X and $AKS raised their flat rolled steel prices today. $CLF may benefit from this. With 27% of the float short, this may really move if it breaks above the trend line. Personally I would hope for a pullback near the lower trend line around 5.30 ish
$CLF coiled$X and $AKS raised their flat rolled steel prices today. $CLF may benefit from this. With 27% of the float short, this may really move if it breaks above the trend line. Personally I would hope for a pullback near the lower trend line around 5.30 ish
Potential pull back or do we continue the push?After today's pop, I wonder how quick we come back to support levels. On the 1HR+ this looks prime for a run.
Bullish Scenario for Cleveland CliffsIt look like it just did it spring to clear EQL . And starting its Phase C according to wycoff.
CLF at Resistance of Ascending TriangleLooking to go long if resistance of ascending triangle is broken. Next resistance levels expected at the gaps.
CLF: $5.50 Short Target + Long PotentialFirst off, don't take anything I say seriously. As always, this is on the basis of opinion not financial advice. That being said, let us get into some of my key points. I believe realistically setting up a target given the past negative correlation curve as well as breakouts, one could be looking at a $5.50 price point for the Cleveland Cliffs, as demand for precious metals and industrial materials should also be going up in the curve. I think it also has some long potential, but it is too early for me yet to call a long.
CLF - 3 Touch Set to jump bullishCleveland-Cliffs is expected to have the first production plant of Hot Briquetted Iron in the Great Lakes region.As traders get to know about the new plant, the share price will gradually creep up to cross the $9 mark. It is a magnificent buying opportunity.
A conservative model reveals that the new plant would bring, at full capacity, $150 million per year.
From a technical point, CLF daily touch of zone 6.70 - 6.50 rejected.
Cleveland Cliffs is an inexpensive trade deal recovery playCleveland Cliffs is a mining company with a lot of exposure to China tariffs. The company's earnings took a huge hit this year due to the downturn in steel as a result of the trade war, and the price plummeted. The company should get a nice surge on any positive trade talk news. It briefly made a bullish trend line break Friday when the market thought a deal had been made to repeal tariffs, but it's back down today after Trump said he loves the tariffs and he hasn't agreed to repeal them. (Sometimes I think he's jerking us around on purpose.)
Even without a trade deal, this stock is a good bargain at the current price. It's got a sustainable 3% dividend and is financially healthy enough to weather the downturn. It did well on its last earnings report and has unusually bullish options activity. Backward P/E is now about 2.6, whereas before the trade war this traded at more like 10-15. Forward P/E is higher at 6.5, but still well below the 5-year average. Buy this for the dividend and hold it for the recovery whenever our political leaders get their act together on trade.
CLF Buy Long Term CLF might be a really good investment for the long term:
-Trade war U.S. - China (a cause of the bearish momentum).
-HBI starting to operate in the mid' of 2020.
-Environment-friendly production.
-AKS acquisition.
-Debt/Equity ratio: 5.86
-2.90% dividend
I might consider this company as really undervalued with an amazing potential of growth.
Opened to any kind of judgement/debate and constructive criticism, or if you agree, please leave a like :).
CLF update ... https: //uk.tradingview.com/chart/CLF/AlcQhJWY-CLF-long-entry-NOW/ analysis closely tracks the movement of the exchange rate. We are currently in the process of building the second rising fractal. Therefore, I expect another 22% increase from the current level. The target price is unchanged.
CLF long entry NOW. The exchange rate broke on the acquisition of AK STEEL. The degree of decrease is consistent with the fractal correction rule. The ATR endpoints (red rectangle) double, so this rule applies upwards (yellow rectangle). This is an increase in exchange rate volatility. Therefore, there is a very good opportunity to take a long position.
do CLF have a changea break above resistance line indicate higher highs and a well defined channel
and confirm the uptrend.
remember stops.
CLF before rising 25%... A split graph is shown in the analysis. The figure on the right (monthly time) shows a fractal structure. Those who have been dealing with fractal strategies for a long time may have noticed that fractal movements can take many forms. Near significant levels or along axes. Current analysis assumes that a monthly MA (50) MA can start a fractal movement. If the idea is correct, then the CLF stock has a correction level of 6.87 usd. This is the level where we expect the exchange rate to turn. Let's go back to the left chart (time of day) In this chart, we already have an ATR calculation. The point here is to add the distances of the MA (200) and the MA (50) to the short-long ATR. This is the target price. If calculated correctly, the primary target price for the exchange may be 9.22 usd. Therefore, the current level is more than enough to take long positions.
