Steel has been on a rip. New 52 week highs in: STLD steel 999 sctr rating SLX steel 996 sctr rating ZEUS steel 974 sctr rating (see stockcharts.com for definition of sctr rating). Barchart has a strong buy on the ETF, with acknowledgement that reopening China is good for business. But before I would jump on the FOMO bandwagon, I would take note of the very...
NYSE:X X has low volatility as a value stock- it has been in a gradual uptrend with increaing relative volume including spikes the past few days even during a general market selloff. I see it as a potential swing long trade now setup for a relatively low risk trade.\
15M zone trading Wait entering 15M Demand zone enter than 1M ob break of up side so cheak BOS and Entry confirm Entry Not confirm than not Entry so waiting Mitigated 15M DZ
This trade is confirmation Trade Bos to time upside in 15m POi 15m and reverse market this poi and enty 1m OB break than upside confirm Entry
X, USSTEEL looks primed for another run higher. Short term RSI and longer term %R have bottomed at over sold and are turning higher. MACD seems to be headed higher. X appears to have formed a rounded bottom which is acting as support along with the 200sma. Stochastics is giving a buy signal. Low risk entry with stop at $12.76. Good luck.