Nicklaus68

CLF Falling Wedge

Nicklaus68 Updated   
NYSE:CLF   Cleveland-Cliffs Inc.
Cleveland Cliffs $CLF looks primed to break out of it's falling wedge pattern. They are a Steel foundry. Up top is Iron and Steel price index, showing it's up and holding well. So that should help. CLF was a favorite on WSB last year and it was recently downgraded by Jim Cramer, so it has that going for it. Visibility at least, with this chart pattern could lead to some nice change on the breakout. POC first target, VAH second.
Trade closed: target reached:
Taking profit, but it could run to $23 still. Will watch fopr re-entry closer to POC $17-19
Comment:
this one is def worth another look long term and short term
Comment:
Could breakout here for 18>21 target, or slip down to 12 and then go for 18>21