Laying in bed yesterday morning I asked for a stock and immediately got X and the number 34. This is really just journaling these ideas for reference later to see what they end up doing. It's up over 3% today, and I know the last idea, DAL had a decent move right after I got it and made a swing low and popped pretty decent.
Btw, to fill in the details, I use...
President Joe Biden's expressed concerns over Nippon Steel's proposed acquisition of U.S. Steel ( NYSE:X ) have ignited a flurry of political speculation and market volatility. With Biden's impending statement raising questions about national security implications and regulatory scrutiny, investors brace for potential obstacles to the $14.9 billion...
X may peak around the $44 to $49 price zone by 2023-08, then decline to the $23 to $28 price zone for the 2023 bottom. The end of 2023 may see a return to the $36 to $46 price zone. Please share your charts in the comments section below. I would really like to see more X forecasts for 2023 .
Japan's Nippon Steel clinched a deal on Monday to buy U.S. Steel ($X.) for $14.9 billion in cash, prevailing in an auction for the 122-year-old iconic steelmaker over rivals.
The deal marks the latest step in a gradual decline for the iconic 122-year old company, which was once the largest company on the planet. It was one of the first major conglomerates and a...
U.S. Steel has received multiple bids for the steelmaker in excess of $40 a share, sources familiar told CNBC.
In regards to the news, U.S. Steel shares rose more than 3%.
The sale process started in August when rival Cleveland-Cliffs made an unsolicited bid of $7.3 billion. U.S. Steel rejected that offer.
United States Steel (NYSE: X) Shares have been on the move with the stock up 5.9% over the past month. The stock hit a new 52-week high of $36.64 in the previous session. United States Steel has gained 45.8% since the start of the year compared to the 7% move for the Zacks Basic Materials sector and the 28% return for the Zacks Steel - Producers industry.
What's...
The price seems to be traded in a large range. Higher lows structure still in tact . Bullish trend continuation may be expected.
The breakout is very likely in the next weeks.
46$ is a target for bulls
If bears take control, we may see retest of the range bottom.
In a current market conditions, in our opinion more likely is a bullish scenario.
Good luck
If you haven`t bought X here:
Then analyzing the options chain and the chart patterns of X United States Steel Corporation prior to the earnings report this week,
I would consider purchasing the 26usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $1.24.
If these options prove to be profitable prior to the earnings...
United States Steel Corporation opening high and rising high
This chart shows the weekly candle chart of the stocks of American steel companies in the past four years. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, due to the stimulation of the acquired bullish news, the stocks of American steel companies...
price SEEMED to have made a head and shoulders pattern where the right shoulder also SEEMED to have made a bearish flag pattern.
This is ONLY a VERY BASIC technical analysis, there is no study of fundamentals of the company.
Breaking out of a major falling Wedge. Historically , metals outperform over the summer.
Double bottom with a breakout over 22.50
Expecting a push up to previous H&S neck line .. that will be the true bull test.
Entry
Over 22.50
Target 1 - 23.75
Target 2 - 26.00
Working on a head & shoulders. Other steel stocks breaking down as well (STLD, AA), so I like the chances here. Currently working on an inside & down week. I took a starter on some LEAP puts here.
