Has developed into a massive C&H ... wow 👀 ... keep your eyes on this one folks $FCX $AKS $MP $HG_F $CL_F $SPY $SPX $ES_F $TNX $TLT $ZB_F $ZN_F #Economy #Commodities #Inflation
Trying to hammer off of the TL. Back over the 50dma and could rip $FCX $AKS $MP $HG_F $SPY $SPX $ES_F $TNX $TLT $ZB_F $ZN_F #Economy #Commodities #Inflation
Looks like another DCB into 13dma rejection. Break of 2.44-48 area was BIG. 2016 lows should be tested
Week ago discussed that NYSE:AKS looks promising for low risk entry as it touched various support lines. Today, it appears that stock is breaking out of its bullish flag or "handle" in what appears to be cup&handle formation. Do not expect strong rally immediately, but should continue working higher in the upcoming weeks
After breaking through inverse H&S and long term resistance in December and making nice rally afterwards, NYSE:AKS continues to correct in what appears to be bullish flag. However, now stock finally is approaching various support lines including IHS neckline and current market sell-off may be used as a nice opportunity to attempt low risk buy entry for another...
Beta-R:Journal. Risk Management: Compound .Level : PA . Time: Short-term - Intermediate . This is just my view follow if it aligns with yours. Ideas are not repeated rather updated.Worry about risk only.
We were waiting for an abcde sideways move inside the larger B wave. It looks like either the e wave ended short, or we could have just had an abc inside the B wave, which would mean this could be the next impulsive move up. We could go long and set our stop loss to $2.30. If price can hold above 2.33, technically this is looking bullish now.
$x $aks US steel looks good-Potential for lower prices before it breaks above this descending pattern. I was bearish on X above 46. I didn't think it would come this far down but some special could be in the works.. It could go RIPPING higher but I would not blink if it dropped to 5 or 6 per share again. Bear chart from 2018:
looking where AKS might head next, may need to cool down a bit before pushing higher, but good earnings and momentum are on its side. needs to hurdle current levels and create a base here for me to want to go long, If you missed the run, wait for some consolidation at support and go long with a tight stop. GL
I like CLF here with an AB=CD target of 9.70 ish......
I've been watching this for the last few months and I feel very optimistic about AKS. Once the new year comes around, their contract prices are set to update, and I think this could drive us through the shoulder line. I've only been trading for a couple years though, and would love some 2nd opinions. I realize that once you think you see something, sometimes it's...
AKS long. The exchange rate may fall momentarily. Technically, the bottom is 3.54 usd. We expect a rise from this level. This can be a steady upward wave structure with a target price above 6 usd.
Put your feelings of Trump aside for a second and listen to how much this man talks about the Steel Industry in the US and consider the effects of the Steel tariffs. AKS is a small cap US based steel stock that whose stock shows signs of accumulation while the big cheese goes on about US Steel coming back imposing tariffs (taxes) on the foreign competition. I...
The only thing holding up the price of this stock is a weekly demand zone in the 4.00 to 4.50 range. There are very strong weekly supply zones right above with very strong daily supply zones embedded within them. Very high probability short trades can be taken when evidence of sellers showing up on a lower timeframe (1H or 4H). Any of these daily supply zones...
Steel sector looking for possible reversal $X $AKS. Long over 39
Daily chart of XTC.ca . canadian steel stock. long over 10.50
Interesting set up here. long over 10.50 $XTC.CA
With most of the earnings heavy hitters in the rear view mirror, there isn't much to trade this week of quality from an earnings announcement volatility contraction standpoint, with DIS being the standout name. DIS announces on Tuesday after market close with a 30-day implied volatility of 25%, which is in the upper half of its 52-week range. The May 18th 96/97...