Put your feelings of Trump aside for a second and listen to how much this man talks about the Steel Industry in the US and consider the effects of the Steel tariffs. AKS
is a small cap US based steel stock that whose stock shows signs of accumulation while the big cheese goes on about US Steel coming back imposing tariffs (taxes) on the foreign competition. I don't know much about the industry but the stock seems okay, the company seems to have a bit of debt but favorable business conditions can change that. I'll post the daily chart
in comments that shows a nice gap overhead that coupled with a falling ADX
provides a positive tone for gap filling to about 5.35. While selling at 5.35 would be a good trade I want to hold and continue to accumulate AKS
because I think we're way ahead of the curve on this US Small Cap Steel trade based on the little price movement and if anyone else has any US Small Cap Steel plays they would like to share I would love to hear about them. Thanks and good luck.