Long
CLF trade ideas
$CLF PT 120 by Jan 2023, Leaps 40 Jan 20thCleveland-Cliffs Inc. operates as an independent iron ore mining company in the United States, Canada, and internationally. It operates in two segments, Mining and Pelletizing, and Metallics. The company operates three iron ore mines, including the Tilden mine in Michigan; and the Northshore and United Taconite mines in Minnesota, as well as holds 23% stake in the Hibbing mine in Minnesota. It produces various grades of iron ore pellets, including standard, fluxed, and DR-grade for blast furnace steel producers; and flat-rolled carbon, stainless, and electrical steel products primarily for the automotive, infrastructure, and manufacturing markets. The company was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. Cleveland-Cliffs Inc. was founded in 1847 and is headquartered in Cleveland, Ohio.
Possible targetsThis stock was trending on WSB last week and will attempt to break the resistance it is currently at which is around the 24.70 area. If we break through look for a target of $28.82. It could also go to $30.75 and gap up to $36.62.
CLF near Bull channel bottomCLF should find some support no lower than $19. If it breaks $18, I’m out.
CLF could face a 34% rise.CLF could face a 34% rise. The analysis includes two strategies. One is a pure ATR strategy and the other is a symmetric wave sequence strategy. When we start using the ATR strategy, the first step is to determine the value of the day (D1 ATR) and the week (W1ATR). These are typical levels that price movements use as support, resistance or reflective axes. In many cases they can be used as a target price or stop level, but can also be used as a trend changing strategy. In our case it is used to determine the end of a correction. Using a strategy on its own is not enough, as it has a hit rate of only 50% (ideally), to be profitable in the long run, it is necessary to tilt the hit rate to our side, at least between 65-75%. Because in a 2RR bet, where RR is the Risk-Reward ratio, only in this case can our average profit be higher than our average loss. In short, this MM is the key to success. Back to the analysis. The figure shows the W1ATR distance. I have described this many times, but it bears repeating. This distance(white square height) represents the 1-week size of the price movement. In other words, the average value of the 14-week movement. The top and bottom of these levels are representative levels at which the movement of the wave sequences can change. This is where the second strategy comes in. This is none other than the wave sequence. From the figure, it can be seen that the upper level of W1ATR (narrow white square) and the lower level (narrow white square) have developed similar corrections. This predicts that wave sequences of similar size are built up for these two levels (top and bottom). In the case where this set of rules is true, the determination of the next target price is easy, since we only need to consider the amplitude of the symmetrically generated waves. SUMMARY : CLF has completed the correction. I expect a rise from the current level(21.87 usd). Next target price : 29.64 usd.
more weekly juice in this but cautiongetting bid in the pre again up but I think it could slide in a couple hours after a near term crescendo, it ripped out above trend again, looks like a rinse/repeat, so tights stops 🤙🏽
if you're super long, this thing can moonshot. but you already know that.
$CLF Cleveland Cliffs Price Targets
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$CLF Long This is a momentum play, saw alot of chatter in discords and reddit threads for a short squeeze. CLF is the largest Steel manufacturer in America so it has a solid backing behind the pump.
#reddit #stocks #meme #CLF# Seven year old resistance breached!!In this video, the discussion is about the #CLF (#Cleveland-Cliffs Inc), Price Action analysis, resistance, support, stop loss, risk to reward ratio.
Note: The discussion on the video is not financial advice and is purely for training and educational purpose.
$CLF closing in on the finish line*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 original entry for CLF is at $13. We averaged up on 5/23/21 at $18.06 and now the stock currently sits at $22.57.
Our first take profit remains at $24 (which should hit fairly soon). Once we reach TP1 (take profit 1) we will trim our positions and then close the trade at $27.00 TP2.
Congrats to those who took this trade with us.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
CLF | Falling Wedge and Inverse Head and Shoulders CLF formed a bull flag while retesting the inverse head and shoulders. Watch for a break of the flag as confirmation for further upside. Initial target $21.50
$CLF June Update*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*
My teams original entry for CLF is at $13. We averaged up last week at $18.06 and now the stock currently sits at $20.00.
Yearly high of $22.9. We expect $CLF to break yearly highs in either the next couple of days or weeks.
We still remain long on $CLF, but our team has changed our exit from $26.50 to $24.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$CLF Next Leg HigherCleveland Cliffs is an aggressive grower in the iron and steel space, a sector seeing significant rotation inflow over the past month. Initial PT of 22.90, with a stretch target of 24.50.
