PT 26.80 for this cycle.NYSE:CLF
It is just a stopover on a long journey. Going to close my leveraged long position when price reaches 26.80, then wait for a pullback to buy again!
There is a significant open interest on options call 25 expiring at 2021-07-16, so I believe that the price should be at least 25 by that time.
I have noticed that NYSE:CLF is attracting the attention of WSB guys again, so we can expect another pump.
People may want to fix the profit before an earnings report.
Everything fits into price corridor
CLF
Pullback Soon!Ending diagonals are my new favorite formation. Been seeing them in a lot of stock charts lately.
This one looks pretty clear. The wave 3 structure is gorgeous.
RSI broke down when we entered (iv) and we've been retesting the bottom ever since.
All these things are big indicators that a pullback will happen soon.
-40% seems like a lot, but that's what the chart says.
$CLF averaging up once again*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 original entry for $CLF is at $13. We averaged up on 5/23/21 at $18.06. On 6/10/21 we hit our take profit 1 at $24 per share and secured most of our profits.
My team averaged up once again on our remaining positions yesterday before the market closed at $20.60 per share. My team still plans to close this trade completely once our trade reaches our take profit 2.
Investors still looking for positions should be advised that $CLF may retest our red trendline before this occurs...but current shareholders have no reason to be concerned with this scenario for it will offer additional buying opportunities.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
CLF could face a 34% rise.CLF could face a 34% rise. The analysis includes two strategies. One is a pure ATR strategy and the other is a symmetric wave sequence strategy. When we start using the ATR strategy, the first step is to determine the value of the day (D1 ATR) and the week (W1ATR). These are typical levels that price movements use as support, resistance or reflective axes. In many cases they can be used as a target price or stop level, but can also be used as a trend changing strategy. In our case it is used to determine the end of a correction. Using a strategy on its own is not enough, as it has a hit rate of only 50% (ideally), to be profitable in the long run, it is necessary to tilt the hit rate to our side, at least between 65-75%. Because in a 2RR bet, where RR is the Risk-Reward ratio, only in this case can our average profit be higher than our average loss. In short, this MM is the key to success. Back to the analysis. The figure shows the W1ATR distance. I have described this many times, but it bears repeating. This distance(white square height) represents the 1-week size of the price movement. In other words, the average value of the 14-week movement. The top and bottom of these levels are representative levels at which the movement of the wave sequences can change. This is where the second strategy comes in. This is none other than the wave sequence. From the figure, it can be seen that the upper level of W1ATR (narrow white square) and the lower level (narrow white square) have developed similar corrections. This predicts that wave sequences of similar size are built up for these two levels (top and bottom). In the case where this set of rules is true, the determination of the next target price is easy, since we only need to consider the amplitude of the symmetrically generated waves. SUMMARY : CLF has completed the correction. I expect a rise from the current level(21.87 usd). Next target price : 29.64 usd.
#reddit #stocks #meme #CLF# Seven year old resistance breached!!In this video, the discussion is about the #CLF (#Cleveland-Cliffs Inc), Price Action analysis, resistance, support, stop loss, risk to reward ratio.
Note: The discussion on the video is not financial advice and is purely for training and educational purpose.
$CLF closing in on the finish line*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 original entry for CLF is at $13. We averaged up on 5/23/21 at $18.06 and now the stock currently sits at $22.57.
Our first take profit remains at $24 (which should hit fairly soon). Once we reach TP1 (take profit 1) we will trim our positions and then close the trade at $27.00 TP2.
Congrats to those who took this trade with us.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$CLF June Update*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*
My teams original entry for CLF is at $13. We averaged up last week at $18.06 and now the stock currently sits at $20.00.
Yearly high of $22.9. We expect $CLF to break yearly highs in either the next couple of days or weeks.
We still remain long on $CLF, but our team has changed our exit from $26.50 to $24.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
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.