XWorking 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.
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About United States Steel Corporation
Sector
Non-Energy Minerals
Industry
Steel
CEO
David B. Burritt
Website
ussteel.com
Headquarters
Pittsburgh
Employees
22.74K
Founded
1901
ISIN
US9129091081
United States Steel Corp. engages in the manufacturing and selling of steel products. It operates through the following business segments: Flat-Rolled Products, Mini Mill, U.S. Steel Europe, and Tubular Products. The Flat-Rolled Products segment includes managing steel plants and production facilities that manufacture steel slabs, rounds, strip mill plates, sheets, tin mill, iron ore, and coke. The Mini Mill segment produces hot-rolled, cold-rolled and coated sheets. The U.S. Steel Europe segment produces and markets strip mill plates, spiral welded pipe, heating radiators, refractory ceramic materials. The Tubular Products segment manufactures and trades seamless and electric resistance welded steel casing and tubing, line pipe, and mechanical tubing. The company was founded in 1901 and is headquartered in Pittsburgh, PA.
X $46.66 peak to $26.66, then $43.66 by 2023-12X 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 .
How to Trade Inverted Hammer CandlesticksHow to trade inverted hammer candlesticks with entries and stop levels.
#X (United States Steel Corporation) Buy TF H1. TP = 24.20On the hourly chart, the trend started on May 11 (linear regression channel).
There is a high probability of profit. A possible take profit level is 24.20
But do not forget about SL = 20.60
Good luck!
Regards, WeBelieveInTrading
X - steel stocks looking weakIs the economy slowing?
Steel stocks may be displaying this very weakness.
XHead and shoulders playing out here .
The right shoulder is bear flagging
Entry - below 23.40
Stop loss 24.00
1st target - 22.06 gap close
2nd target - 18.96 gap close
X moving towards $35 (double bottom)X is breaking the resistance and when it moves up, it breaks one more resistance.
Looks like it might reach $35 and even reach new all time highs.
Double bottom in play.
NYSE:X
XLong over 26.50..
Target 28.50
Stop loss 26.00
.sitting right below 21ema and fibonacci resistance...
Double bottom will play out if we break over.
Long term, I think a major right shoulder is building for a H&S bearish setup that will take x back to mid teens
Easy Trend Trade on XPretty straightforward setup that might come up on X. Reason why I like the trade:
1. The asset has a multi-month market structure of printing higher highs and higher lows.
2. It is obeying retracement levels fairly well
3. EMA 50 is acting as support
4. We have a local, naked point of control f
See all ideas
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
