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Cleveland-Cliffs Inc.CC

Cleveland-Cliffs Inc.

9.29USDR
−0.13−1.38%
Last update at Mar 24, 23:59 GMT
9.29USD
0.000.00%
No tradesPre-marketLast update at 12:04 GMT
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CLF trade ideas

Stock Of The Day / 12.13.24 / CLF12.13.2024 / NYSE:CLF Fundamentals. The news background is neutral. Technical analysis. Daily chart: Downtrend. The previous day closed below 11.00 - the level of the last trend break. We also draw the previous day's low 10.77. The level 10.21 formed by the trend break in September is ahead. Premarket: no activity. Trading session: The price is in accumulation above the 10.77 level after an unsuccessful attempt to return beyond the 11.00 level at the beginning of the trading session. Then price continued to tighten to 10.77 after an unsuccessful attempt to reverse to long at 10:30 a.m. We consider a short trade in continuation of the movement. Trading scenario: breakdown (tightening) of the 10.77 level Entry: 10.75 aggressive entry upon breakdown of the level. Stop: 10.81 we hide it behind the previous accumulation high. Exit: We observe a smooth movement without significant pullbacks after the breakdown. With due patience, you can reach 10.21 or close the trade in parts in accordance with your trading system. Risk Rewards: 1/8
NShort
by AlexX31
6
$CLF metals get a bounce as market steady & value catch-upCleveland-Cliffs the steel producer looks cheap here. CEO has been working to reduce the blast furnace emissions which gets them a lot of praise. Cleanest steel produces in the world. CLF is vertically integrated and the fact it produces its own ore is huge. May acquire US Steel before year ends which would give this company a lot of power when it comes to the steel market. Looking for at least 18 in the short-term.
NLong
by inanis_
$CLF - to be prepared to be patientNYSE:CLF is a good industrial company with a long history and covers a full cycle of production. Looks like it shows attempts to bounce of the historical bottom. Would not like to analyze on the short time frames, cause I convinced, it will show awesome results, but only on the long period of time. This company is relevant for investors, who are ready to buy shares of the company with the stable business, just if it's in the bottom of the stocks market and being full of high level of patience with expectations for the amazing results. It is clear, that trying to make some forecasts for so long time range - this is like shout to the aim, that you cannot see yet, but we can use a rules of tech analysis. In this terms, I can predict 2 scenarios with 8-10 years of durability. But before, I assume, this company should came from 16 to 8, approx in a year and after a slow and sustainable growth within 5-7 years it will have enough energy for the rocket show. In scenario 1 potential is 8->48, +500%. In scenario 2 potential is 8->80, +900%. Honestly, I will not invest in this instrument due to this is not the industry, in which I'm interested in, but I would like to share a forecast for far away to check, either it will match or not with reality. Mates, please, don't judge me for this peace of experiment ). Does not constitute a recommendation #investing #stocks #idea #forecast #furoreggs #experiment
NLong
by furoreggs