Predicting $CLF above $11.00 by month-end

Considering the recent dip in Cleveland-Cliffs ($CLF) to $10.535, a rebound above $11.00 by month-end seems plausible. The current -5.64% move appears to be an overcorrection, given broader sector performance and steel demand projections. I'd put the probability of it hitting $11.00 or higher by June 30th at roughly 65%. The stock has shown resilience in similar pullbacks this quarter, often recovering ground swiftly. Supply chain realignments and infrastructure spending continue to underpin steel fundamentals, and I anticipate these factors will provide a floor for any sustained downturn, leading to a bounce back.