Arcelormittal investment short to 20 cents continues
Inv Cup and Handle formed on July 2021...
The price broke below and since then it's been on a downward trajectory with a solid downtrend.
Now the price is currently testing the downtrend, which can go either way.
If it breaks up, we will see short term upside to 3.00.
If it turns and continues down from here the investment short analysis will continue to it's trepid target of 20 cents.
It's a wait and see play.
The price broke below and since then it's been on a downward trajectory with a solid downtrend.
Now the price is currently testing the downtrend, which can go either way.
If it breaks up, we will see short term upside to 3.00.
If it turns and continues down from here the investment short analysis will continue to it's trepid target of 20 cents.
It's a wait and see play.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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