Cleveland-Cliffs Inc. (CLF) is the largest flat-rolled steel producer in North America and a major supplier of iron ore pellets. Serving industries like automotive, construction, and appliances, the company provides essential materials for manufacturing and infrastructure. Cleveland-Cliffs’ growth is driven by strong demand for domestic steel, vertical integration from mining to steelmaking, and its strategic focus on serving U.S. industrial and infrastructure needs.
On the chart, a confirmation bar with rising volume shows bullish strength. The price has entered the momentum zone after breaking above the .236 Fibonacci level. A trailing stop can be placed just below this Fibonacci mark using the Fibonacci snap tool, helping traders protect gains while leaving room for additional upside.
On the chart, a confirmation bar with rising volume shows bullish strength. The price has entered the momentum zone after breaking above the .236 Fibonacci level. A trailing stop can be placed just below this Fibonacci mark using the Fibonacci snap tool, helping traders protect gains while leaving room for additional upside.
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