My prediction is that AKS will have a strong earning and will resume its bullishness a week ago (July 19). Right now, we are in a pullback stage. RSI indicates that AKS is oversold.
This price at $6.19 is the price that I decide to go in.
The Risk/Reward Ratio of this trade is 2.93
Comment
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got stopped out on this trade but I did buy back in when it dropped to $6.05
I think this is still a strong trade even though you got stopped out. However, it may be best to wait until earnings are announced and if they are strong, it could start a multi-day recovery.
Pentagon
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I am with you on this, I think steel and oil are both incredible bargains if you get in now and just hold for awhile. I really like AKS and MRO too.