looking where AKS might head next, may need to cool down a bit before pushing higher, but good earnings and momentum are on its side. needs to hurdle current levels and create a base here for me to want to go long, If you missed the run, wait for some consolidation at support and go long with a tight stop. GL
The SMF strategy forecast indicates a setup on the following pairing;
Stock : AK STEEL HOLDING CORP
Sector : Basic Materials
Insdustry : Steel
Term : Short
Exchange : Cboe BZX
SMF strategy would be to Buy :
Between : $2.40-2.43
SMF strategy would be to Sell at :
Target 1 : $ 2.55 (6% Profit)
Target 2 : $ 2.72 (11% Profit)
Target 3 : $...
Just wanted to share a bet I'm making. Long term chart looks great, volume looks great, Demark and Divs look good.
Going to $3.30 from here seems pretty reasonable, will hold some for longer term too if it works out. Will be moving stops to break even as soon as possible, and if this one doesn't work out, there will probably be more to come from AKS...
It has almost become a certainty that AKS will disappoint on earnings for the quarter. The stock has been on a terrible run and is now at lows from 2003, and trading at a PE ratio of 4, arguably considerably undervalued. The price in raw materials have spiked and this is a big headwind to AKS steel. Remaining investors will be eagerly hoping for a positive outlook...
Price is too low good opportunity to buy. But still downtrend is strong to go against it right now. We need to see some bullish pressure building up.
Expecting to zig zag down towards 2 dollar a share again.
We need to see the break of the descending trend line of the weekly chart before we can engage in a long term buy of stock
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...