CLF the pullback has reached a buy point.After a downtrend breakout, the pullback has reached a buy point.
CLF trade ideas
$CLF falling chopstick breakout$CLF has fallen chopstick break out. base on the indicators the momentum of stock looks strong and buyer still in control.
watch for the news specially for energy stocks that relates to CLF.
Day trade or scalp play target: 01/05/22
buy calls above 23.03 sell at 23.43
buy puts below 21.98 sell at 21.35
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.
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My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
$CLF no cap this is my teams biggest holding*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 still holding $CLF shares from our three entries at $13.27, $18.06, and $20.60
My team is increasing our $CLF shares at $22.35 per share on the market open of 11/8/21. We have increased our shares four different times already on this trade. This may shock you guys but $CLF has now become my teams largest holding. We're confident and adding more shares because $CLF smashed their 3rd quarter earnings and are set to succeed next quarter as well. Also if $CLF attempts and is able to break past resistance at $26 once more then we expect a rally begin.
ORIGINAL ENTRY: $13.27
2ND ENTRY: $18.06
3RD ENTRY: $20.60
4TH ENTRY: $22.35
If you would like to see more, please like and follow us @SimplyShowMeTheMoney
$CLF Watching for 19.36$CLF Watching for 19.36
Right now I’m watching to see if it breaks under the 180EMA on the Daily to see what my next move is going to be…
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
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CLF LongTrendline touch
Entry 22.5
Stop 19.9
Target 35
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
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 - Starting pullbackCLF looks to be moving lower, at least to test the VPOC 22.5 area. Then might weaken further... we'll see.
I bought the Nov26 23p for 1.13
$CLF Structure, 618%, 89 ema, and Gap 21.75 / 22.25$ value area for me. lets see if buyers step in, If it loses this .786 will come quick. use caution. $CLF trades clean, especially w harmonics!
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
Infrastructure Play: Plan your levels and tradesAgain, a cautionary note - like X, keep an eye on the levels and trade tactically with an underlying fundamental rationale.
Debt ceiling etc., still not resolved even though infrastructure bill passed.
CLF a leap strangle strategyWe all are told as traders that 2 years is too long a window for a strangle. Here is a different way to approach a strangle as an investor/trader.
First do the due diligence and decisde this is a company you would own all of at the prices that it could be put to me.
This is a great company pushing all the right buttons.
The strategy:
I sold the $42 call and the $12 strike put for January 2024.
I collected roughly $6.
Note that the stock will have to be above $48 and below $6 to cause any pain. For those new to the concept, I keep the cash and I invest the entire proceeds plus my cash into my favorite monthly trade at this time GGN. GGN trades down after the dividend ex date and up the last week into the next monthly distributioin date. Gaming the common is not difficult and represents a 10% annual distribution on the $42 I invest in GGN.
Since I will gain $4.20 the first year, I look to game the GGN and leave the strangle alone as a position that I would be happy to own for nearly nothing within the $42/$12 channel.
I will again roll this position when new father out leaps are available.
A theta strategy for investors who will roll and trade the position when opportunity presents itself.
I like my chances.
all the best
CLF Daily chartHuge spike in volume after a nice support set in. Look for a rally to the old resistance level around the $28 range
10/24/21 CLFCleveland-Cliffs Inc. ( NYSE:CLF )
Sector: Non-Energy Minerals (Steel)
Current Price: $23.85
Breakout price trigger: $22.45 (hold above)
Buy Zone (Top/Bottom Range): $23.40-$21.80
Price Target: $28.00-$28.60
Estimated Duration to Target: 28-31d
Contract of Interest: $CLF 11/19/21 24c
Trade price as of publish date: $1.30/cnt
CLF Chart looks gorgeous and so do the technicals.
Broke back inside its channel. Notice a few other metal names moving this morning to.
it could be 3 reasons the metal sector is moving today.
1. China ever grande made a coupon payment.
2. Tech earnings were disappointing and there's some sector rotation at play
3. Metal sector had a rough month and this is just a relief rally.
what do you think?
$CLF earnings analysis*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 still holding $CLF shares from our three entries at $13.27, $18.06, and $20.60
We are not planning to sell anytime soon...In fact we have actually removed our original take profit from this trade in anticipation of the bright future this company holds.
Earnings are expected to be released premarket on 10/22/2021.
We're not huge fans of the current chart set-up from a technical perspective, but looks can sometimes be deceiving. Either way we're not selling our shares. If you do not have any early entries on $CLF my team highly recommends that you proceed with caution...but if you do then just sit back, relax, and enjoy the show. In the long-term we have absolutely nothing to worry about the way things currently stand.
Good luck to all.
If you would like to see more, please like and follow us @SimplyShowMeTheMoney
CLF - a second chance to follow the trendI posted a chart on my investment in CLF prior to this chart.
The good news today is the announcement that the company used free cash to retire the series B preferred stock related to the ArcelorMittal deal thus effectively reducing proforma share count by 10%. This is a positive earnings driver for the share price upward over the next two quarters.
The $22 strike, 2023 leap puts I sold are in the money.
This is a move which is more than twice the 20 day average true range.
To follow the trend, additional investment of an additional 2% of total account value is required.
I like my chances.
all the best
$CLF Cleveland Cliffs Trade above 100ma.
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
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Symmetric triangleIt looks like a breakout is about to happen.
The overall picture looks bullish.
We got above the P-Pivot point, also reclaimed the 20 EMA once again.
As for the indicators; RSI and MACD indicate more upward movement.
The only concern is that the price is stuck between the 2 EMAs.
We have to get above the other one as well, with high volume!
Short term price target: 23,49
Support: 21,16
Run into earnings?Going back almost a year the MACD is at the same crossover point from a big run after positive earnings last year. The only thing holding this back is the current disaster the government has on market conditions. I am still bullish with hopes we see a run to near all time highs in the next couple of months if earnings is positive.
Buy CLF 28/9/2021You can buy CLF target 25.63 stop loss 18.44
money management your responsibility.
I recommend entering a maximum of 10% of the portfolio.
Good luck
CLF Double Bottom wLooks like a good reversal going into another bullish wave. Bounced at key support levels and w/ fears of inflation it wouldn't be surprising to see more volume going into other sectors such as non-energy minerals.
Bullish Continuation? CLF has been on an upward trend for several months now following a trading channel very nicely in the stand deviation ranges. The stock has recently been on the decline pushing outside of the dev channel today. Is this sign of a reversal of trend to the downside or a continuation of its recently predictable pattern to the upside? Just an idea it continues with good upside.
CLF Channel PlayThesis: Playing the bounce off of the bottom of this channel. Might dip just a bit more first to $23.
Target: $28
Trade vehicle: 9/17 $25 calls @ $0.54
