Short on X.Thank you as always for watching my analysis on NYSE:X
I hope you enjoy and I look forward to hearing from you in the comments.
0.55%
5.08USD
2.524BUSD
21.083BUSD
220.15M
About United States Steel Corporation
Sector
Industry
CEO
David B. Burritt
Website
Headquarters
Pittsburgh
Employees (FY)
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.
US Steel headed for Bankruptcy?Thought this was interesting. Bro said Domestic steel industry is doomed...so does elliot wave analysis.
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 $46 price zone. Please share your charts in the comments section below. I would really like to see more X forecasts for 2023 .
X is bullish nowThe price seems to be traded in a large range. Higher lows structure still in tact . Bullish trend continuation may be expected.
The breakout is very likely in the next weeks.
46$ is a target for bulls
If bears take control, we may see retest of the range bottom.
In a current market conditions,
Absolutely FIRE chart right here, X!Former runner...nice consolidation. I am long here with a fantastic risk to reward. My stop is the lower trendline.
X United States Steel Corporation Options Ahead of EarningsIf 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.
I
United States Steel Corporation opening high and rising highUnited 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
Price going downprice 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.
Bullish Alert : XNice action above the downtrend line with a new bullish alert.
The long term trend shows positive price action.
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