Set a limit order of 3.68 with a stop at 3.60 for reward:risk ratio of 4:1 at the current target price.
The is made up of a ton of white ( ) candles and so a healthy pullback is underway to $3.68. I think this is true because of the respect the stock price showed to the 200 on the 5 min chart on the last dip
Also I believe alot a buyers are selling to close at 4.00 so it is acting a a huge resistance so i would take profit there. If it beaks above 4 it will be all new buyers and create a new buying opportunity.
Investors have been waiting for months for the news of official tariffs preventing the over-supply of steel from china and it finally came a few days ago so I am long term on AKS and believe a target price of 6.50 is possible by the middle of summer
However, AKS is in a very overbought state on the daily so I will be looking to exit all of my position at the target.
If AKS can close above 4 for the next few days you may want to be a buyer at that level. If not, then buy on the pull back in the 3.80 to 3.25 dollar level because AKS is very overbought on the daily but still is very bullish up to 6.50