On the daily scale X looks good. all indicators look good. price continues to build on higher highs and lower lows. I also like that big dip prior to earnings. You want minor pullbacks that do not break the over all trend. Minor pullbacks demonstrate price sustainability.
another thought about this stock stock. steel prices have been doing well this year. That trend will continue so long as the world economy continues to grow. I would also add there are two key events on the horizon for this stock. First, US and chinese trade negotiations are scheduled to meet next week to discuss chinese steel practices. Second, President Trump has vowed to place tariffs on chinese steel. Both could provide catalyst that could boost this stock.
weekly
The weekly is a mixed bag. The MACD looks good. stoch rsi could go either way at this point. while it is pointing down, it has crossed. OBV is rising, but not not a spectacular rate.
Monthly
X looks good on the monthly. indicators are supportive. But what i really want you to notice is the little green curl on the right side of the chart. If you look at stocks that go parabolic they always form that little curl. Sometimes they breakout, some times they don't. Either way look for the little green curl.
another thought about this stock stock. steel prices have been doing well this year. That trend will continue so long as the world economy continues to grow. I would also add there are two key events on the horizon for this stock. First, US and chinese trade negotiations are scheduled to meet next week to discuss chinese steel practices. Second, President Trump has vowed to place tariffs on chinese steel. Both could provide catalyst that could boost this stock.
weekly
The weekly is a mixed bag. The MACD looks good. stoch rsi could go either way at this point. while it is pointing down, it has crossed. OBV is rising, but not not a spectacular rate.
Monthly
X looks good on the monthly. indicators are supportive. But what i really want you to notice is the little green curl on the right side of the chart. If you look at stocks that go parabolic they always form that little curl. Sometimes they breakout, some times they don't. Either way look for the little green curl.