CLF
is a good industrial company with a long history and covers a full cycle of production. Looks like it shows attempts to bounce of the historical bottom.
Would not like to analyze on the short time frames, cause I convinced, it will show awesome results, but only on the long period of time. This company is relevant for investors, who are ready to buy shares of the company with the stable business, just if it's in the bottom of the stocks market and being full of high level of patience with expectations for the amazing results.
It is clear, that trying to make some forecasts for so long time range - this is like shout to the aim, that you cannot see yet, but we can use a rules of tech analysis.
In this terms, I can predict 2 scenarios with 8-10 years of durability.
But before, I assume, this company should came from 16 to 8, approx in a year and after a slow and sustainable growth within 5-7 years it will have enough energy for the rocket show.
In scenario 1 potential is 8->48, +500%.
In scenario 2 potential is 8->80, +900%.
Honestly, I will not invest in this instrument due to this is not the industry, in which I'm interested in, but I would like to share a forecast for far away to check, either it will match or not with reality.
Mates, please, don't judge me for this peace of experiment ).
Does not constitute a recommendation
#investing #stocks #idea #forecast #furoreggs #experiment