I've been watching this for the last few months and I feel very optimistic about AKS. Once the new year comes around, their contract prices are set to update, and I think this could drive us through the shoulder line. I've only been trading for a couple years though, and would love some 2nd opinions. I realize that once you think you see something, sometimes it's ...
Entered the short on this trade at $4.65. The RRR on this trade for me was incredible of about 17/1 with booster IHVF's supporting target of the macro IHVF. Took some (60%) of profit off the table at Interim 2. Fallin over like Dominos
Put your feelings of Trump aside for a second and listen to how much this man talks about the Steel Industry in the US and consider the effects of the Steel tariffs. AKS is a small cap US based steel stock that whose stock shows signs of accumulation while the big cheese goes on about US Steel coming back imposing tariffs (taxes) on the foreign competition. I ...
Charts look great.
Weekly looks better than monthly chart
Taking a small position into earnings
I think these companies will continue to consolidate as in the Market Chatter / Buyout Rumor with ARNC, formerly Alcoa.
5000 SHARES @ $5.20
The only thing holding up the price of this stock is a weekly demand zone in the 4.00 to 4.50 range. There are very strong weekly supply zones right above with very strong daily supply zones embedded within them.
Very high probability short trades can be taken when evidence of sellers showing up on a lower timeframe (1H or 4H). Any of these daily supply zones ...
Just buying at open on Monday 14th, a $1,000 worth stock or (223 shares), would be around $340 profit. No bad rate of return within next few months. Yes, $6.00 is goal and exit at this time. Will either write covered calls or buy call options. Have a plan and trade plan.
Previous swing low provide a good support at around $4, where a stop loss can be placed.
If the support holds valid, we can expect a move up to $6 to $7, that is a 4 to 5 times P/L ratio.
The closer to the support level ($4) you buy, the less risk you will bear on this trade.