$CLF coiled tightly and bouncing off support with strong volume

Cleveland-Cliffs Inc. (NYSE:CLF)

NYSE:CLF Cleveland-Cliffs Inc.

$CLF has been consolidating recent gains on low volume after blowout earnings in July and previous resistance is now support. Very strong volume after earnings is anchoring current support. Breakout though post earnings high over $11 will squeeze $CLF to $12.50 and then $15 over the coming months.

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