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MTstiles
Mar 16, 2014 8:58 PM

Wyckoff Analysis of Cliffs Natural Resources $CLF Long

Cleveland-Cliffs Inc.NYSE

Description

Barron's published a list of value stocks in this week's edition. There are some nice charts and some ugly ones (see Transocean RIG). One of the best setups, I'm my opinion, belongs to Cliffs Natural Resources CLF. I have attached the weekly chart and labeled the classic Wyckoff psychological events. This chart is a classic bottoming pattern with a well defined exit point if CLF cannot hold price.
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