Cleveland Cliffs Inc (CLF)

[Saving Grace]

It fell through support at $13 with what most believed would be a double bottom bounce but failed.

I believe the true bottom is the 4 price doji on Apr 1, 2020 that closed at $4.17

Cliffs carries a lot of debt and the new plant in SC will cost even more until production in 2026 - 2027

The Auto industry is on shaky ground which is their main customer and who knows where that will lead going electric or not. It's a mixed market and not really established yet where customers will go.

Cliffs is already a heart attack stock and who knows with the uncertainty of the CEO's monkey business will take them, with the CEO playing Doctor.

I'm guessing there is a further drop in it's future.