ARCELORMITTAL SA MT

Starfleet59

On the day chart it indicates an inverse head & shoulder, followed by fallback by a downward flag. which started the way up (lung). if next week's candle of Apr 19 by the bullish pennant then the price target can go around € 35.00. 16-04-22 my first TA :)

Elpidaldo Pro

ArcelorMittal, one of the major steel producers. This is the weekly chart. After a big double bottom , MT is back at historical resistance around 30-31. I would watch that level and enter a long swing trade if it breaks 31. First target would be 40. Most analysts rate this as a buy with a target at 50. Trade safe.

Sunstorminvest

Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA |...

Stefan-Trading Pro

Recently a intermediate S/R level was flipped (dashed line). Next is a bigger one around 30.7$. after flipping that level next target is 40.7, and when that one is gained Im looking much further up. This is long term ofcourse since this is a weekly chart. One for my watchlist!

franklyfresh

Lots of resistance to break through

MGerrits

Believing that due to the different circumstances of the company the stocks could possibly keep rising with the postitive trend.

Mouzy92

Hi, Arcelor Mittal doubled from 10 to 20 in less than 4 months. The strong uptrend didn't make any correction, till it reached the upperband of the channel that is used to trade in. From that point it corrected perfectly fine to a decent Fibonacci level. What we see right now is that it seems to have bottomed at 16.85 levels. The DRSI looks oversold and the on...

YL_PRO

hi i recommend buying

STATICERROR

Bearish divergence on the last top. Increasing price but declining money flow. Declining volumes. I do not expect MT to be able to make a new high from here, indicators say it will make a lower high and then pullback, but of course we love surprises. Would wait till end of the trading day to see what USA opening does before deciding to enter a short at this...

STATICERROR

ArcelorMittal SA is the biggest steel manufacturer in the world. We had a stellar run from the march low and we made good money with this stock. A lot of people believe it has steam left. The big question, is this the top or are we going to go higher? Some institutions have upgraded MT to anywhere between a 25-32.5 EUR target. We got the high steel prices,...

STATICERROR

We had a long position up untill the last top. Then got stopped out today. This stock is still making it's way higher, this week we broke out of the trend channel and onto a new high since march. I think we are moving towards pre-march levels before year end, so still a lot of upside potential. We are now looking for a good entry again. We are approaching...

Driekeerdre1

Arcelormittal is in a very nice and clean corrective structure after a sharp impulse to the downside. Expecting a new impulse down soon as MT is getting closer to its decision point. My first target would be the previous low at around €6.000.

Cocombre

www.investopedia.com

Noldo

Commodities have remained very cheap against the recent rise in Major World Indexes. This includes iron ore. And this cheapness can create opportunities in the iron and steel industry. The price can get even cheaper. The analysis does not contain a very high quality risk / reward ratio, but I think it is possible to make very profitable trades based on this idea...

Nielsagaert

wave 5 is typically 61.8 , 100 or 123.6 of wave 1. There is slightly pd on higher timeframe