US Steel, Previously noted as a range bound trade. It nearly full-spanned the previous range, so good for one trade. All previous positives still remain in place. Good OBV breakout now, vs. 4 previous tests at this level, RSI and Fisher also still point north and respected the previous uptrend support levels. It could breakdown north, has stronger volume on...
Still a dog, but a trade none the less. Long term I don't think is has found the bottom, and for-sure has not turned it around, but short term, a nice way to pick up 10 to 15% over a month period. *Nice range bounding trading opportunity (albeit declining) *You've got good volatility, with a nice strong bottom (albeit declining) *stuck in a declining wedge...
Long setup. Double bottom . watch for resistance breakout > $19.45
2-hour view possible retest of $19.50 in store? $XLI $DJIA $XLB