X Gapped down today pretty big. If you look at where it opened, anyone who has bought in the past 9 trading sessions started the day down. Could this cause people to close their positions on the day and bring us lower? I thought I was bullish on X until this happened. We will have to watch how the market reacts.
This idea and analysis is part of a 3-month...
With a pretty indecisive day to close out the week X has been trading somewhat sideways, somewhat in a flag. If X breaks higher from this and can beat out the MAJOR resistance at around the 27.70 level, it doesn't have much resistance points to stop a run. If we break out of the 27.70 I will look more into diagramming possible trades.
This idea and analysis is...
X is killing it after a big earnings beat. I would enter a bullish trade on X if it pulls back and maintains its bullish trend. It seems as though the EMA 50 might catch back up to the price and could provide support or become resistance on a cross. I will need to see more before I would have enough inclination to enter.
This idea and analysis is part of a...
The correction level of the decline since past September has been reached now. When you look carefully you will find the window to be closed in the current uptrend.
I have recently published a series of bullish articles about-XME.
X-is one of the components of-XME. The strength of this chart speaks for itself -
It is one of the metals stocks which is contributing to the strength in-XME.
XME-is the-SPDR S&P-Metals and Mining ETF-which offers broad exposure to industrial-and precious metals and mining, with a strong emphasis at...
Resistance from April and May has been broken and a stong uptrend has begun. Reasons stated on the chart along with another chart linked to this showing an inverted head and shoulders.
We have a pretty clear shorting opportunity in X. I had succesfully shorted it before, you can see my previous post in related ideas.
Fundamentals weigh heavily in steel right now, and the technicals in this chart are compelling, so I reccomend entering shorts under 16.33, with stops above 17.10, and target at least a retest of the recent lows, but we could break...
