Trade ideas
CLF before a 57% increaseCLF before a 57% increase. From my analysis, it can be seen that the correction price movement of the CLF (red square) doubles. If this observation is correct, it can be stated that the current correction is over and another increase may take place. The target price for the rise is 23.08sud. Since the fair value of the CLF stock is 2 usd higher, I expect a further 2usd and rise from the target price to the level of 25.76 usd.
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 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.






















