kennzo

CLF (Cleveland-Cliffs Inc) - Long

Long
NYSE:CLF   Cleveland-Cliffs Inc.
Cleveland-Cliffs Inc. is an iron ore mining company primarily in the United States. The company is a supplier of iron ore pellets to the North American steel industry from our mines and pellet plants located in Michigan and Minnesota. Cleveland-Cliffs Inc, formerly known as Cliffs Natural Resources Inc., is headquartered in Cleveland, Ohio.

I'm not super-optimistic on this one as I am with other trades, but still see some growth/gains here over the quarter.

Significant sales growth, and strong EPS Quarter-on-Quarter gives me cause to be Bullish.
I expect a move to the MID-POINT and from here would protect profits with a trailing stop-loss as downside (if it happens) could be to lows of around 11.
Heiken Ashi already positive and fast MACD already crossed showing early potential on uptrend.

Do your own research and good luck!
Remember to 'LIKE' and comment, thank you.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.