Cleveland-Cliffs Inc (Long)Cleveland-Cliffs Inc
Long
Entry at 21.30
Take Profit at 24.61 (15.54% profit from entry)
Stop loss at 19.52
CLF trade ideas
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
CLF and WTZ2 Cleveland may be another trading opportunity for some traders. I apply my favorite WTZ2 setup for competitive entry. Actually, the best entry is the opening price and stop should be placed at the gap but I have no time enough to monitor this stock; therefore, another entry is applied instead. Don't forget to calculate risk well before trigger your order. Enjoy!
Cleveland-Cliffs has overbought signal on my RSIBased on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on May 27, 2022 with a closing price of 24.56.
If this instance is successful, that means the stock should decline to at least 24.42 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 2.961% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 6.296% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 9.712% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 50 trading bars after the signal. A 0.4% decline must occur over the next 50 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 8 trading bars; half occur within 28 trading bars, and one-quarter require at least 46 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
$CLF Great company but massively overboughtMy opinion on this stock is that its a great company in no doubt one of the greatest fields to be in 2022. But it is way to stretched at the current valuation and I can see the stock testing their support level at approximately 26.5$, the RSI currently is more than 75 points and the company normally trades at 50-55. I have opened a short position myself, let me know your thoughts on the company. As always that is not financial advise as I am just expressing my personal opinion so please do your research.
Stocks To Watch This WeekMany names are holding up well in this market. Get a pen and paper because I go quickly and make the trade your own.. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 23 total stocks on this list Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
$CLF ATH! short term short$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.
$CLF energy shines from war conflicts?$CLF bounce due to technical break out from ongoing war conflicts between Ukraine and Russia. with possibility Russia of being cut off for importing goods to other countries.
this makes other energy producers shines due to desperation finding alternative resources.
$CLF failed to meet the wallstreet expectation EPS from recent earnings and got downgrade by goldman sachs from 28 to 26 bringing the stock down for a bit.
with the possibility of high demands on energy stocks, this makes the $CLF & $PLUG more appealing and other energy stocks.
Day trade or scalp target play: 03/01/22
Buy call above 22.72 sell at 23.10
Buy puts below 21.91 sell at 21.20
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.
The 47.97 degree buffet isoceles tangent bezos quadrilateralYou can observe a bullish Bezos pattern along with the 47.97-degree buffet isosceles which is directly tangent to it creating a Waren Hill for the JP Morgan Client Services circle to intersect with the SPY 500 earnings eps, so stock very bullish will probably fall. Should go long on an inverse short position.
CLF should slide till earningsCLF should reach a support level of around $12.77, I'm sure the earning with bring some accumulation & distribution.
0
nasty dump! I expect a little more downside before the bottom🚨clf broke below one of its extreme support zones around 18, so the next target will be the 14 area.
Look for it to bottom out around this area, RSI is sitting right above extreme oversold zone, we will most likely see a bounce off it.
like and follow for more 💘
