Thesis
Long US Steel
The name has been showing strength lately along with several other US Steel and infrastructure related names.
Confirmations:
1. Higher highs on Day chart
2. Higher high on Week chart
3. Above 8 Day EMA
4. Above 21 Day EMA
Contradictions:
1. The price is currently below resistance so this may be an obstacle to price moving higher. If the price breaks above resistance, expect the resistance line to become support during a move higher.
Trade:
Long
X
Related Trade:
Long
AKS
Long US Steel
The name has been showing strength lately along with several other US Steel and infrastructure related names.
Confirmations:
1. Higher highs on Day chart
2. Higher high on Week chart
3. Above 8 Day EMA
4. Above 21 Day EMA
Contradictions:
1. The price is currently below resistance so this may be an obstacle to price moving higher. If the price breaks above resistance, expect the resistance line to become support during a move higher.
Trade:
Long
XRelated Trade:
Long
AKS
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.