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MTstiles
16 Mar 2014 20:58

Wyckoff Analysis of Cliffs Natural Resources $CLF Alış

Cleveland-Cliffs Inc.NYSE

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Barron's published a list of value stocks in this week's edition. There are some nice charts and some ugly ones (see Transocean RIG). One of the best setups, I'm my opinion, belongs to Cliffs Natural Resources CLF. I have attached the weekly chart and labeled the classic Wyckoff psychological events. This chart is a classic bottoming pattern with a well defined exit point if CLF cannot hold price.
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