Equities Offshore | X US Steel | The name is developing a bottom, with a technical cup and handle formation being the most visible pattern. The price remains below the downward trend line going back to 01 March 2019 when the share made a high of $47.64 however is looking to break above the secondary trend line going back to 24 July. It should also be noted that the 8/21 as well as 50-day EMA is starting to turn higher. Bottom line: this share is developing a bullish bias, is looking to turn and may be considered as a medium term position.