8/24/22 CLFCleveland-Cliffs Inc. ( NYSE:CLF )
Sector: Non-Energy Minerals (Steel)
Current Price: $18.24
Breakout Price: $19.00
Buy Zone (Top/Bottom Range): $18.00-$16.00
Price Target: $21.50-$22.00 (1st), $24.00-$24.40 (2nd)
Estimated Duration to Target: 34-37d (1st), 60-65d (2nd)
Contract of Interest: $CLF 9/23/22 20c, $CLF 10/21/22
Trade price as of publish date: $0.54/contract, $1.05/contract
Clfbuy
$CLF ATH! short term short$CLF hits the all time high yesterday after surge of demand on energy and metals. ceo of the company appeared on tv encourage everyone that
this is the best time to own CLF. also one big investor sold their position yesterday for profits as CLF continues to surge up.
the high demand of metals and factories being build around the states driving the stock to keep going up. based on historical moves, CLF tends to
to pull back after hitting the ATH unless some positive news comes out making the stocks surges even higher then ATH.
the pull back could be a short term before it runs up again due to high demand of metals right now.
here's my take for day trade move.
Day trade or scalp target play: 03/ 10 /22
Buy call above 27.09 sell at 27.68 or above
Buy puts below 25.73 sell at 24.03 or below
Hello everyone,
welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions which stock I should analyze, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel.
Thank you for stopping by and stay tune for more.
My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
CLF(Cleveland-Cliffs Inc) begins to rise.CLF(Cleveland-Cliffs Inc) begins to rise. In the technical analysis, we can see that an ATR axis that has been forming for many weeks has turned into a wave sequence axis. The sub-waves of the wave sequence were accurately used as a resistance level and then crossed the axis, now acting as a support level. It can also be seen that the longer wave sequence uses the former ATR axis as an exactly symmetrical axis. This may help in determining the next target price of the now following NYSE:CLF rising wave phase. When considering the next sequence, we should consider the wave sequence formed in the blue square. This means that the next target price could be : 28.60 usd.
CLF correction completed.CLF correction completed. The analysis shows that the CLF movement has created a symmetric movement around the ATR axis. Consequently, the lower amplitude of the downward corrective wave may have reached its local minimum at the level of 22.17 usd. In other words, this is the level from which I expect a rise. Next target price : 32.51 usd
CLF LONG.CLF LONG. My analysis highlights a useful entry technique. This is the 3-point ATR axis touch. This technique focuses on the 3-point touch. Whether it is done on ATR axis or local axes is a secondary issue. In the case of the CLF, the ATR axis touch seems to be explained at the moment. The rule is, if a movement stalls three times at a certain level, there is a good chance that it can no longer cross. In our analysis we can see that the price movement bounced upwards from the ATR axes three times. This means that we can expect a strong uptrend in the future. It is not part of the current rule system, however, I note that the second ATR axis is steeper. On the one hand, this means that the volatility of CLF is increasing, and on the other hand, it means that its rise could accelerate. So, the rising wave sequence (second) shown in the figure will reach the next target price (25.76usd) faster
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.
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: $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 $5.50 price point for the Cleveland Cliffs, as demand for precious metals and industrial materials should also be going up in the curve. I think it also has some long potential, but it is too early for me yet to call a long.
CLF update ... https: //uk.tradingview.com/chart/CLF/AlcQhJWY-CLF-long-entry-NOW/ analysis closely tracks the movement of the exchange rate. We are currently in the process of building the second rising fractal. Therefore, I expect another 22% increase from the current level. The target price is unchanged.
CLF long entry NOW. The exchange rate broke on the acquisition of AK STEEL. The degree of decrease is consistent with the fractal correction rule. The ATR endpoints (red rectangle) double, so this rule applies upwards (yellow rectangle). This is an increase in exchange rate volatility. Therefore, there is a very good opportunity to take a long position.
I bet we can do money here. [$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.
Like/Comments. Yes, please :)
CLF: Contrarian OutlookCLF is a buy in my opinion but the price must close above the .786 fib retracement box I have placed in on the chart for a long position to be considered. Noted for a lagging share price to the industry, yet considered a great company with potential. To those trading the steel market, fundamentally the opinion is definitely swaying towards bullish for 2018.
--US housing starts rose 3.3% to a SAAR of 1.297 million units (November) and The Architectural Billing Index rose to 55, both of which are good signs for an increase in the demand and spending on steel. Coupled with the future infrastructure projects proposed by trump signs are looking good.
--Toyota/Mazda plant has just been approved in Alabama, estimating 300,000 vehicles per year starting in 2021.
--Chinese Steel exports have fallen for over 15 consecutive months.
---CLF announced a new HBI plant in Ohio w/ a capacity of 1.6+million tons a year.
For a safe position, i am looking for price to close above the .786 fib as stated above, this would reject the potential pattern i have drawn on the chart. The boxes are calculating +/-2 % variance of the Fibonacci ratios. If we do not see a close above, a daily doji and a bounce of the .786 could be signs for a lower share price. In that case look to enter around 5.70 which seems to be a good support, or look for a completion of the ABCD pattern.