$CLF Cleveland Cliff $17.45 target 🎯
Major trend break-
Lots of price history above but maybe sellers are almost out of the stock.
Resistance levels used as our targets
CVA trade ideas
CLF: Long now, SL close below 13, PT 18, 23.5, 27Huge breakout of almost a 3 year consolidation starting in Jan 2017. Might consolidate here yo cool down RSI, but good for long term (2-3 months).
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 Cleveland Cliffs On Verge Of Huge Breakout On Monthly
Cleveland in the process of a huge reversal.
MACD bullish crossover
Histogram positive.
RSI in strong uptrend and crossed midpoint.
Momentum Indicator crossed Zero-line.
Alert set for break above the 100ma.
Target price $12.66 & $15.00
Bullish Scenario for Cleveland Cliffst look like it just did it spring to clear EQL . And starting its Phase C according to wycoff.
CLF LONGCLF looks like an incredible opportunity, there's a sizable institutional interest at the current price.
CLF 44% correction may comeCLF 44% correction may come. Cleveland Cliffs shares are facing a significant correction. Nevertheless, I suggest using this correction to take a long position. The ideal entry level can be 5usd. In the event that this correction occurs, a strong north turn is assumed. The analysis shows two target prices. The nearest target price is based on the calculation of the Fair value. I note that in calculating the Fair value, I have already used the Q3 financial data published on Friday. I got 21.7usd for the target price. I consider this to be the primary target price. I got the second target price according to fractal calculations. This value is higher than 30usd. From this it can be concluded that after adjustment, CLF shares are facing a 480% increase.
$CLF Cleveland Bullish post acquisition
Potential long entry and trade up to the $7.00 level
Company looks undervalued and may be a benefactor of post election infrastructure spending
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Citi analyst Alexander Hacking views Cleveland-Cliffs' proposed acquisition of ArcelorMittal USA as positive for the company and the industry. Consolidation amongst U.S. integrated mills is "helpful and may help smooth the absorption" of new electric-arc furnace capacity, Hacking tells investors in a research note. Further, the deal secures a future for almost all Cleveland-Cliffs' pellets, "closing out what was a major structural risk before the AKS deal," says the analyst. Hacking keeps a Neutral rating on Cleveland-Cliffs shares.
$CLF Cleveland Cliffs Rally Continues
The sector has seen a nice recovery and if the rotation continues it could bring some large gain for CLF
CLF Short-Leaning for a nice pullback @6.1-6.2 range
LONG
-Holding over @6.1-6.2, should continue to push to @6.9
-Long above @6.9 to @8.5
SHORT
-Short under @5.1 to 3.6-3.7 range
$CLF coiled$X and $AKS raised their flat rolled steel prices today. $CLF may benefit from this. With 27% of the float short, this may really move if it breaks above the trend line. Personally I would hope for a pullback near the lower trend line around 5.30 ish
$CLF coiled$X and $AKS raised their flat rolled steel prices today. $CLF may benefit from this. With 27% of the float short, this may really move if it breaks above the trend line. Personally I would hope for a pullback near the lower trend line around 5.30 ish
Potential pull back or do we continue the push?After today's pop, I wonder how quick we come back to support levels. On the 1HR+ this looks prime for a run.
Bullish Scenario for Cleveland CliffsIt look like it just did it spring to clear EQL . And starting its Phase C according to wycoff.
CLF at Resistance of Ascending TriangleLooking to go long if resistance of ascending triangle is broken. Next resistance levels expected at the gaps.
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.
