kocurekc
Long

US Steel - Range Bound Opportunity

BATS:X   UNITED STATES STEEL CORPORATION
124 0 0
Still a dog, but a trade none the less. Long term I don't think is has found the bottom, and for-sure has not turned it around, but short term, a nice way to pick up 10 to 15% over a month period.

*Nice range bounding trading opportunity (albeit declining)
*You've got good volatility , with a nice strong bottom (albeit declining)
*stuck in a declining wedge pattern.
it is heading down again, look for a place to engage

OBV has a near-term breakout, still in long-term decline
Fisher has nice positive bottom
RSI and RVGI can try to indicate and entry point (watch to see if they hold), or if it tumbles for new lows

I think 16.50 to 15.50 is the entry range if the indicators hold with a 17 to $18 top end.

Also, if you're a long-term dollar cost average kind of guy, this 16.50 to 15.50 range is a good point to keep collecting. This dog will have its day,....some day.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out