timwest

US Steel - X - Double bottom and uptrend

Long
NYSE:X   United States Steel Corporation
457 views
7
Stop 22.00
Target 29-30.
Last 24.23.

I like how X held the earnings report "key hidden level" and the gap in the chart and has formed a double bottom here.
The next 3 days have to see X hold above 23.20, so if that isn't the case, then exit.

Look for a slower, steadier rally towards 29-30 over the next couple of months.

And consider shorting GM against a long in X. (I'll publish a chart in that next).

Tim

3:35PM EST 24.24 last X
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