meszaros

CLF 44% correction may come

NYSE:CLF   CLEVELAND CLIFFS INC
CLF 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.

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