Cleveland-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...
SP500 and Nasdaq are fighting with strong resistance levels. Most likely to pull back soon. In the mean time the metals are doing something interesting. Is going for the break out this time. It may pull back a bit before, but you can see a sort of cup and handle just under the upper vortex. SL triggers only if a weekly candle breaks through the support line at 19...
Analyzing the options chain and the chart patterns of CLF Cleveland-Cliffs prior to the earnings report this week,
I would consider purchasing the 14usd strike price Calls with
an expiration date of 2023-11-17,
for a premium of approximately $1.29.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
CLF has confirmed the breakdown of a Bearish Dragon and has tested the 200 SMA and the Weekly Support Resistance Level of $14.37 as Resistance again.
Now I am going to be looking for CLF to come down to make a 0.886 retrace from here, which should take it down to about $6.5 as it completes the Bearish Dragon
Cleveland Cliffs $CLF looks primed to break out of it's falling wedge pattern. They are a Steel foundry. Up top is Iron and Steel price index, showing it's up and holding well. So that should help. CLF was a favorite on WSB last year and it was recently downgraded by Jim Cramer, so it has that going for it. Visibility at least, with this chart pattern could lead...
NYSE: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...
I spik very best London
*Claps hands*
Price go down
*Claps hands*
Overvalued. About to post profits/losses, whatever, won't matter. Overvalued. I have a short position in CLF.
