Is the economy slowing? Steel stocks may be displaying this very weakness.
Looking at the SCHN Schnitzer Steel Industries options chain ahead of earnings , I would buy the $35 strike price Calls with 2023-4-21 expiration date for about $0.27 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
Reasons to go Short: 1.Trend line Breakdown 2. Super Trend Indicated negative 3. Big Flag Breakout 4. MACD short line is above 5. Could be false breakout as few days ago, kindly wait. Note: This is only for educational purpose.
These share have retested 200 MA and can give the big targets in future.. So Tara steel is suggested to buy......
Expected Target 133 🎯 ( Swing Trading ) Note : This is just for Backtesting and Educational Purpose Only.
We see breakout in tata steel 1day chart with the support of hammer candle which make it more bullish. Buy tata steel Above 121 Target 124.70 127 132.85 138.45 Sl 116
Chart originally created in May and now pictured with current price. When first posted it had just hit resistance and appeared bearish, along with a divergence in the RSI.
Headed to Pre pandemic steel prices, Not sure how long it will take for the wave to hit retail.
There is a breakout on 200 days ema as well as weekly chart buy at 86-87.50. First Target 93 then trail the stoploss which intially is 83.
Tata steel above moving averages Tata steel has given trendline breakout Global metal market is positive Despite bad results of Tata steel due To government export duty Tata steel And steel sector in India suffering Buy now looking good on charts put stop loss below 98
Nucor Corporation ( NYSE:NUE ) Sector: Non-Energy Minerals (Steel) Market Capitalization: 37.582B Current Price: $143.56 Breakout price: $144.60 Buy Zone (Top/Bottom Range): $142.30-$134.95 Price Target: $152.50-$154.60 Estimated Duration to Target: 18-20d Contract of Interest: $NUE 10/21/22 145c Trade price as of publish date: $7.65/contract
The technical figure Triangle can be found in the daily chart in the German company ThyssenKrupp AG (TKA.de). ThyssenKrupp AG is a German multinational conglomerate with focus on industrial engineering and steel production. The company claims to be one of the world's largest steel producers; it was ranked tenth-largest worldwide by revenue in 2015. It is divided...
Cleveland-Cliffs Inc. ( NYSE:CLF ) Sector: Non-Energy Minerals (Steel) Current Price: $18.24 Breakout Price: $19.00 Buy Zone (Top/Bottom Range): $18.00-$16.00 Price Target: $21.50-$22.00 (1st), $24.00-$24.40 (2nd) Estimated Duration to Target: 34-37d (1st), 60-65d (2nd) Contract of Interest: $CLF 9/23/22 20c, $CLF 10/21/22 Trade price as of publish date:...
NMDC has formed rounding bottom breakout. Target 141. Note: This is for educational purpose.
Thanks for viewing Just a simple technical analysis of the share price of FMG assuming continued correction from all time highs. Mostly just based on the Iron ore price having lost 55% from 2021 highs and still being 50% (while FMG is only down only 28%) down presently. Mapped out some support / demand and resistance / supply zones. Thinking something around...
break 9,55 with volume come back successfully test it and its on wards an upwards some interesting news of them having enough money for share buy backs There are arc furnace coming on line 2024 could suffer with higher electricity Prices worth keeping an eye as volume has been good
Steel and materials sector heating up again. Pullbacks light on volume and constructive. Cup with no handle breakout? You don't need to know what's going to happen next to make money ~Mark Douglas Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
The daily chart of X (United States Steel Corporation) shows a clear five-wave decline coming to an end. While we might see a small decline still, we recommend going long here as this will be followed by a three-wave correction that could take prices back towards 25/28$.