STLD, appears to be breaking higher out of the bull flag. With the entire sector moving higher like X, AKS, AA, CENX, I think this is a low risk play here. Should be good as long as we stay above the 50SMA.
My earlier message about this scrip is void. It was only till the expiry which was today. This sector has seen too much of negativity in the short run. Technically, the price has broken the downward pattern. It has to test the high to contemplate a run downwards. 86 is the short term target and 91 for medium term **if the short term goes well**.
breaking downtrend of past two months. hoping to see continuation of overall long term uptrend this year. $AKS
Fundamentals around Copper, Steel rebar, Iron ore, Coal not looking so rosy currently. Technically Copper HG looking weak. Dec'16 lows could be next resistance at 2.4785 (Approx LME 5500), a further significant break here could see 38.2% Fib area tested (2.3425) then Nov lows of 2.09. Support may be found at 2.5935.
If AUDUSD is to hold here, and eventually break out, and cross the overhead resistance, we can see a massive rally take off, which you definitely don't want to miss. If you missed my previous entries, you may go long here, risking a drop under 0.7811. Keep risk to 0.5-1%. This is a swing trade setup. If you want, additionally, or perhaps if more conservative, you...
I really like this stock, and i think we could easily see a 20% rally in the coming weeks. I already bought it some time ago at 22.35 and my emergency stop is currently slightly below 20, i will probably close the position if we break the 22.00 level and dont show signs of a strong reversal. In my eyes 22.00 is a key level if we break it and stay below it, there...
US Steel is in a nice uptrend since setting the bottom in early 2016. The current uptrend is likely to remain. Recently a long term declining resistance line has been broken (the red dotted line) which had been tested late 2016. After a short pullback the stock price continues its uptrend. Both the MACD and RSI show signals for further advancing of the stock...
the united states steel corp (X), may be in a down channel, but I have a long bias, if the stock reaches YP or 29.60 area, and bounces from there to break the channel to the upside. the possible target would then be 52.50. In the watchlist...
Trump plans on building the wall with 3 things: Steel, Rebar and Concrete. Look at the beautiful weekly divergence with this rebar company located in Texas-- right where the wall will be built. Buy it cheap, because if the plan goes into effect this stock should soar. Even without the fundamentals, technically it looks good for a buy after a small daily...
There's a discrepancy between timeframes in $AUDUSD, with the daily recently turning into a downtrend, after suggesting buying dips was viable all year; the weekly in an uptrend, and close to fail to confirm bearish momentum within 2 weeks; and the monthly indicating a full flung downtrend is en route, and it should eventually achieve the 0.63111 mark by or before...
- Been swinging Call Options on AKS since week end 11616; Purchased 4 Calls (Strike Price 10.50) on the Market Open Monday AM w/ a Limit Order price of .29. - Averaged down w/ purchase of 6 more Contracts the following day w/ Lower Low (Consolidation) being set in @ limit price of .15. Held position - FED Hike in hopes of a Market/Metals Rally to no avail. - ...
It looks like we have maultidiagonal targets here into the 3.25-3.50 range, but just be cautious, as it looks like we could expect a further pull back into the 2.00-2.25 range first.
Over the last few days, shares of United States Steel Corporation (NYSE:X) have finally started to pull back. This coming after a surge from $17 to $39 in just over a month. That is a whopping 130% move in the stock. The stock has already fallen almost 13% off its recent highs, but investors should not be rushing to buy. Based on multiple calculations, the stock...
Elliot Wave as per graph. Nearing the end of Wave III. The final Value will be more than 280 before end of March 2017.
Looking at monthly ranges, we see that months with sharp selloffs, that surpass the previous true range, as measured from the open to the low, have been causing sellers to get trapped at increasingly higher prices. This is bullish and shows accumulation, and shakeouts taking place. The monthly chart shows a mode near the highs, and now we're testing support at the...
Trump rally is overblown. China serious risk of deflation. Technicals look pretty good. Divergent RSI momentum and key Fib retracement level. I am short X