1CVA trade ideas
CLF can start moving sideways... The exchange rate may take the lateral movement bounded by the triangle shown in the figure. If the theory is correct, a small ATR movement is expected for two to three weeks. The reduced amplitude of movement can hold up to the ATR support shaft underneath it. From this support upward, a significant increase is expected. Based on the current data, it is probable that the exchange rate is designed to construct a W1 ATR distance wave structure. This means that we can expect an unusual increase to date. With accelerating ATR and speed. This exponential rise target price can be up to 25 usd levels. Of course, it seems incredible now. But the current track calculations show this.
Cleveland Cliffs for Break out?Just a random pick on one of the top volume contributor stock.
Happened to see this counter making nice upward move since it last bottomed in 2016. As seen on the chart, this stock have tested the resistance level with huge volume. Now it is back again at the 11/11.80 testing for another break out. We are not very optimistic about this break out at this point but considering another data coming out in October, we would prefer to pick this up if it drops to $9 Region targeting about 20% movement.
For now we are Bias on the Shorts. If the break out happens with strong volume $15 is our target.
I bet we can do money here. [$CLF]The mission of trader do money, no matter how many time you need for it. At the most successful cases long-term traders make more money than swing-trader or day trader. This stock is the excellent example for long-term trader. HOLD if you have nuts. Lets look at the situation at Steel Market, it will help us to understand the future situations. The CLF produces various grades of iron ore pellets, including standard and fluxed so the first question what you should ask, "What's going on futures on HRC?"
The price on HRC has the stable uptrend, which is very addiction from US government and Trump's decisions. I noticed that "Trade War" has not any positive signs for the Steel industry, merely because the Market starts popular among speculators, or how to explain when the domestic products price are equal to import steel price? Cleveland-Cliffs is the strong mining company, that has a long-term partnerships with North American steelmakers, we should be patience because LG is working hard and doing the nice job to make the CLF great again.
3Days Chart.
1Week Chart.
1Month Chart.
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$CLF CEO is weaponzing the balance sheet. Melt up starting.$CLF CEO is streamlining the balance sheet, redeeming notes, prepping for returning cash to shareholders, and the free cash flow is weaponizing the process. Once we take out the post earnings highs above $11 with a long bullish base I suspect a melt up in coming weeks to around $15 and 38 million shares sold short are the rocketfuel.
$CLF coiled tightly and bouncing off support with strong volume$CLF has been consolidating recent gains on low volume after blowout earnings in July and previous resistance is now support. Very strong volume after earnings is anchoring current support. Breakout though post earnings high over $11 will squeeze $CLF to $12.50 and then $15 over the coming months.
CLF is one of the best long-term investments... With a very long time to climb. The exchange rate builds another rising wave structure. Probably a dual wave structure can be talked about. The first wave structure can be an impulsive wave. The target price is 13.34 usd. Based on technical considerations, a nearly 2 usd band is expected to be built on this chart with a yellow square. It can stay for several days. Then, an upward exit can trigger the second wave structure. Which speed can increase. The next target price is 19usd. But the next prediction calculations are predicting a further increase. But the data needed for clarification has not yet arrived.
Bullish BatCLF, Set buy limit order with other cancels other for target/stop, still learning
Position Size: 150 shares worth $1,500
Buy limit Order: 10.00
Target: 10.40+
Stop Loss: 9.80
Time Frame: September 3rd
$CLF bouncing off support& bullish falling wedge.5 bagger coming$CLF is bouncing off multi month trend line support after recent blowout earnings which pushed $CLF out of a channel and well over $11. Buyable pullback here and it is just now pushing higher out of bullish falling wedge. Strong fundamentals going forward and best met coal in the industry. CEO is talking about instituting a dividend. $CLF used to be over $100 a shares years ago and I would be surprised if $CLF is not $50 a share in the next 5 years. I have added significantly on this pullback and it is my largest holding. Listen to the recent conference call please. The CEO is very bullish and he is not a permabull by any means.
CLF long ... The exchange rate builds the second wave of a triple ascending wave structure. Specifically, the second ascending wave structure moves in the correction sub-wave structure. Since the initial wave was impulsive, the correction wave structure could also be upward. The third rising wave structure may have an accelerated wave structure because the slope of the ATR axis increases (purple line). This may result in an increase in the rate of increase of the exchange rate. Thus, the target price for the third wave is around 16 usd levels.
CLF showing signs of a strong pullbackCLF is showing signs of a short term bearish setup with the daily candle about to breakdown through the MA below. Notice resistance is now acting as support.
$CLF Short - Confirmed Reversal$CLF Confirmed reversal to remain locked in 5.60-8.95 trading range. Expecting at least another 10% haircut in near term (if not more).
Short target - 7.50
Ready to Buy or Not?I've been following this one for a while and it looks like it might be a buy soon.
Bearish GartleyCLF, Set sell stop order with other cancels other for target/stop. Still learning.
Position Size: 5% risk for 10k is 100 shares worth $870
Sell Stop Order: 8.70
Buy Limit: 7.70
Buy Stop: 9.20
TimeFrame: June 12th
CLF rising wave structure...CLF rising wave structure. The exchange rate moves in a doubling wave structure. It is characterized by the fact that the next wave structure is twice the size of the preceding wave structure. The (0A) wave distance is expected to be 10.5usd and then correction is expected. I expect the (AB) correction wave to 8.55usd. Then, the second major wave (BC) may occur, the target price of which is 17usd.
Bullish SharkCLF, Set buy stop order with other cancels other for target/stop, still learning.
Buy Order: 7.00
Target: 7.60
Stop: 6.70
Time Frame: April 10th
above $10 at the end of the year!Huge manipulation on this stock .
Big Boys keep accumulating the shares.
If you are long on this one , dont sell your shares cheap.
"Opinions are my own , trade at your own risks''
Potential Gartley Pattern on CLFPotential Gartley on CLF. Expecting stock to move upwards aggressively.
CLF breakout above 200 day MA Another simple trade idea.
CLF broke above its 200day MA on the weekly chart. though the stoch looks overbought, it could provide long term gains if the price is supported by the 200day MA.
long term projection would be around 58.
another benefit to this trade is the oil performance as of late. overall bringing increased interest in oil based companies.
if price falls back below 200MA, the idea is voided
trade simply.
CLF, Wave 3 of 3 possibleCLF is an iron ore producer which services US Steel production. If Trump gets his infrastructure spending, or defense budget increase, steel utilization should remain strong.
The year-long correction and consolidation looks like an Elliot Wave 2, and offers compelling a support level.
As of right now it is being rejected by the 50 and 200 ma, so it is still very risky. The consolidation could extend the better part of 2008, producing a double or triple combo wave.
- A stop below support would allow one to ride the noise and see if it plays out, but position would have to be tiny.
- A stop below the 2/6 pivot would be 10% risk.
Because it is below the 50 and 200 MA, I'll wait and see if it declines further.
A tag or stop run of support would provide a very good risk-reward ratio.
CLF on my bear listDon't chase it down right now,
Two lines on the weekly are why CLF is on my bear list
Also, very late to the game in a string bull market.
