$CLF Inverse Head and Shoulders Pattern?

30 Mar 2021

CLF may be an infrastructure play. It seems to be forming an inverse head and shoulders pattern. I'll be looking for it to break-out across the down trend line I've drawn and look for a logical entry. If I take the trade, my stop will be just below that same trend line for a well defined risk.

From earningswhispers.com:
Cleveland-Cliffs (CLF) reported Quarter December 2020 earnings of $0.24 per share on revenue of $2.3 billion. The consensus earnings estimate was $0.28 per share on revenue of $2.3 billion. The Earnings Whisper number was $0.29 per share. Revenue grew 322.4% on a year-over-year basis.

Cliffs Natural Resources Inc is a mining and natural resources company. The Company is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota.

6 Nis 2021

İşlem aktif

4/6 Starter position now active @ $19.02 Stop $18.00 Looking to build a position only on strength. After the breakout on 3/31 I waited for a pullback to enter.