Much needed relief was felt today by the board and investors in X Steel after a dismal 12 months. Yesterdays earnings produced a surprise in both earnings and revenue thus creating the pop in the stocks price, volume is quite good today also but the stock has a high short interest. Next week will tell us if this provides a opportunity to long on continuation from...
This trend is getting LOW.... 'trying' to 'time' the bottom down here, no question. BUT,
I don't believe X will go bankrupt anytime soon.
Getting just 200 shares wouldn't cost that much.
And it would be a decent buy low, sell high location. :-)
Albeit lazily drawn, I present the dreaded “vomiting camel” pattern. I’m not making this shit up. There’s actually a pattern you can look for that is a serious fucking bear when you do. It’s got this ridiculous name for obvious reasons, but here it is and I’ve decided on the 4/46 long put, 17 strike. It cost .66 and is at .69 as of 1053am 4/12. I’m not going to...
X STEEL HAS REALLY SUFFERED RECENTLY AND RECENT ANALYST DOWNGRADES TO SELL WILL DEFINITELY NOT HELP. CURRENTLY SELLING AT A 2.76 P/E RATIO, WAIT TO SEE IF SUPPORT HOLDS BEFORE ENTERING A LONG WITH STOP BELOW $16.
X a GREAT American company with a not so great chart - we are looking for an entry in the $8 area but this will take some real patience for a potential big payday. We will NOT short this name - we will be patient. As always do your own DD. #trading #stocks #fintech
Year long downtrend continues... bear flag...
Trade war not making X great again...?
Double bottom possible around $17.50...?
I would appreciate comments, as this is my first published chart and I am not a trader.