ArcelorMittal Long opportunityNice long opportunity on #ArcelorMittal based on historical trendline and current positive candlestick pattern.
1.75%
4.750EUR
8.851BEUR
75.971BEUR
421.057M
About ARCELORMITTAL SA
Sector
Industry
CEO
Aditya Mittal
Website
Headquarters
Luxembourg
Employees (FY)
154.352K
Founded
2001
ISIN
LU1598757687
ArcelorMittal SA is a holding company, which engages in steelmaking and mining activities. It operates through the following business segments: NAFTA; Brazil; Europe; Africa and Commonwealth of Independent States (ACIS), Mining, and Others. The NAFTA segment consists of flat products such as slabs, hot-rolled coil, cold-rolled coil, coated steel, and plate. The Brazil segment covers wire rod, bar and rebars, billets, blooms, and wire drawing. The Europe segment offers hot-rolled coil, cold-rolled coil, coated products, tinplate, plate, and slab. The ACIS segment produces a combination of flat, long, and tubular products. The Mining segment focuses on steel operations. The company was founded by Lakshmi Niwas Mittal in 1976 and is headquartered in Luxembourg.
Position #1 – ArcelorMittal SA – 19.07.2023LIMIT BUY @ 24.80 EUR
TP @ 30.50 EUR (22.98%)
SL @ 23.00 EUR (-7.26%)
Technical Analysis
This stock has formed a Continuation Wedge pattern (Bullish), providing a target price for the intermediate-term in the range of 30.50 to 32.00, the Momentum oscillator has crossed above 0, thereby signaling a
MT technical Breakdown on watchIf retail earnings come in negative this stock could see further weakness.
A head & shoulders pattern has triggered which means we have to be aware of continued weakness to the downside.
A close above the neckline negates the pattern but being below key moving averages does not display signs of
ARCELORMITTAL MTS Bullish DivergenceArcelorMittal has activated a divergence with both MACD and RSI and with target price at 30.985€. I'd set the stop loss below 19.42€ because the structure would get inactivated. This is a short term structure but just as a reminder this company has a double bottom activated with target price to 54.1
MT to break higher?ArcelorMittal - 30d expiry - We look to Buy a break of 26.51 (stop at 25.56)
Daily signals are bullish.
26.47 has been pivotal.
Our short term bias remains positive.
The bias is to break to the upside.
There is no clear indication that the upward move is coming to an end.
We are trading withi
$MT with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $MT after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 75%.
Arcelormittal to break a resistance. ArcelorMittal - 30d expiry - We look to Buy a break of 22.52 (stop at 21.59)
Prices have reacted from 19.40.
A break of the recent high at 22.40 should result in a further move higher.
Short term bias has turned positive.
The RSI is trending higher.
This stock has seen good sales growth.
Our
$MT with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $MT after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 20%.
Targer 49 ( 1 to 5 months )Good Fundamental ( Earnings ) , Good Techinical So Target 49 Duration 1 to 5 months.......
Target 33 ( 1 to 6 months )Good Technical and Fundamental ( Earnings ) So Target 33 , Duration 1 to 6 months..........
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