X, USSTEEL looks primed for another run higher. Short term RSI and longer term %R have bottomed at over sold and are turning higher. MACD seems to be headed higher. X appears to have formed a rounded bottom which is acting as support along with the 200sma. Stochastics is giving a buy signal. Low risk entry with stop at $12.76. Good luck.
US STL COPR , NOT GETTING ANY BETTER ANY SOON , WITH THEIR EARNING REPORT LOSS OF MORE THAN 30 cents THAN EXPECTED , THIS IS CLEARLY A SHORT
We can enter shorts in any way you prefer here. Stops should be above 18.89, the rest is up to you, can be an options play, or shorting stock. Targets are a retest of 12 initially, but I can see it hitting 7 in the intermediate term. If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a...
We have been watching the commodities Oil, Gold and so on...for months especially for this stock, -96% loss since August of 2008. But I noticed that this stock has been in a reasonable range $6-$12 for some time. Can this stock be somebody here and make an come back? Everyone who got in but didn’t have any time to execution to get out of this. I think USS can be...
Tough environment to be but contrarian trader can take a position now with the possible loss of 15% if the upcoming earning next 1/26 fails to arrest temporarily this sustained downtrend. The stock lost from Nov peak about 59% and this measured upside target is very likely to happen next 45-days. Real-time alerts go www.2waytrading.com
One of those ugly charts i have ever seen after crude oil
this chart I realize my entire stream is now day traders
Stop 22.00 Target 29-30. Last 24.23. I like how X held the earnings report "key hidden level" and the gap in the chart and has formed a double bottom here. The next 3 days have to see X hold above 23.20, so if that isn't the case, then exit. Look for a slower, steadier rally towards 29-30 over the next couple of months. And consider shorting GM against a...
Nice move since we recommended 20-days ago and price is close to the target price $27.50 as first rest area before we head to $31. Always good to book profit. We recommend to take some profit off the table and let the rest ride with the tide!
I bought United States Steel yesterday @24.99. Although yesterday's close confirms the test, the volume is low so the stock could rest again, but the background seems in favour of higher prices. Detailed analysis: 1 - A sign of accumulation: high volume candle with a narrow spread that touches new lows but closes on its highs. The next candle closes lower and...
The price closed yesterday $21.27 below 25% of its 50DMA. Earning is out and beat the expectation by wide margin this could easily push price to reclaim its 50DMA. Bulls they need to push above that and take the price to 27.50-28.5 which is very hard wall to crack but depends if stock gets analyst attention and upgrade. If you decide to take a long position make...
JAN08: Downtrend has taken the price to the Lower Channel Support Line, there is a positive momentum divergence. Look for the 0.236 Fib level, it is Resistance @28, if it goes above 28, it may reach 31. The two words of warning here is that the first move could be just a short squeeze due to short covering at this level and the second is Earnings is scheduled on...
The chart says it all. Tim 11:52AM EST Jan 8, 2015 25.15 last +0.51