TATA STEEL DOUBLE TOPHello!
TATA STEEL making double top at around 350 level if not give close above 350 do short for the target #1 300 and target #2 253
If give close above 350 in close then buy for the target 406.
NOTE : Only for education purpose do add your common sense before making any trade, I'm not responsible for your profit or loss!
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Regards
Sanam Patel
Steel
TX: Ternium is a huge buy here...I think $TX shares are likely to benefit from increasing inflation and higher interest rates in their target markets, caused by the huge money printing and govt spending needed to survive the Coronavirus induced recession. As activity picks up, construction in these markets will be a very profitable endeavor, specially as real estate prices tend to go mostly higher due to the terrible combination of high interest rates and high inflation in these EM nations. Additionally, steel itself is likely to go up due to the infinite QE effect over time as well.
Valuation for $TX was very attractive recently, and I've been buying it for some time. Currently one of my favorite stock ideas.
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Cheers,
Ivan Labrie.
JSW STEEL BUY ABOVE 173 BY PAB SETUP !Hello Guys,
Buy only above 173 for Target toward 180-185-190 (Control Price), I have not seen any elliote wave in the short time frame, soon I am analysis In bigger time frame in which we use multiple setups for a more clear picture, If you don't Like Red background colour then message me I will change in the next setup
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#szg - Nerve of steel .. #Salzgitter-- is what an investor in Salzgitter shares needed.
Since the all-time high EUR 158.70 in July 2007 before the last financial crisis, the share price has only known one direction.
DOWN
Now the all-time low EUR 5.85 from November 2002 is not far away and is within reach. By the way, this was the second last financial crisis.
So if Germany does not sink and slide into the next Middle Ages, there is still hope for the Salzgitter share that the Corona Depression could become the turning point for Salzgitter AG and the associated share. Actually, steel is always needed, be it for the construction of cars, building construction/civil engineering, sheet metal, ... and Salzgitter's real estate and machinery are worth more than the stock market currently recognizes for the company.
But I wouldn't buy the shares at the moment, because a 40% price loss can be quickly realized here as well.
With 1/3 equity and 2/3 Debt, there is at least a good chance of survival, even if the company is about to firemany employees in order to ensure its survival.
Alarm clock lies at the all-time low.
Greeting
Stefan Bode
P.S.
Please comment, then I can give you reputation points by clicking on the green pyramid in front of your comment. Still not everyone knows that this works. Gladly also among the other commentators. Greeting + 🍻 + nice WE.
AK Steel - breakout from the "handle"Week ago discussed that NYSE:AKS looks promising for low risk entry as it touched various support lines. Today, it appears that stock is breaking out of its bullish flag or "handle" in what appears to be cup&handle formation.
Do not expect strong rally immediately, but should continue working higher in the upcoming weeks
Low risk opportunity in AK SteelAfter breaking through inverse H&S and long term resistance in December and making nice rally afterwards, NYSE:AKS continues to correct in what appears to be bullish flag.
However, now stock finally is approaching various support lines including IHS neckline and current market sell-off may be used as a nice opportunity to attempt low risk buy entry for another major leg higher, if it comes.
Cleveland Cliffs is an inexpensive trade deal recovery playCleveland Cliffs is a mining company with a lot of exposure to China tariffs. The company's earnings took a huge hit this year due to the downturn in steel as a result of the trade war, and the price plummeted. The company should get a nice surge on any positive trade talk news. It briefly made a bullish trend line break Friday when the market thought a deal had been made to repeal tariffs, but it's back down today after Trump said he loves the tariffs and he hasn't agreed to repeal them. (Sometimes I think he's jerking us around on purpose.)
Even without a trade deal, this stock is a good bargain at the current price. It's got a sustainable 3% dividend and is financially healthy enough to weather the downturn. It did well on its last earnings report and has unusually bullish options activity. Backward P/E is now about 2.6, whereas before the trade war this traded at more like 10-15. Forward P/E is higher at 6.5, but still well below the 5-year average. Buy this for the dividend and hold it for the recovery whenever our political leaders get their act together on trade.
CLF Buy Long Term CLF might be a really good investment for the long term:
-Trade war U.S. - China (a cause of the bearish momentum).
-HBI starting to operate in the mid' of 2020.
-Environment-friendly production.
-AKS acquisition.
-Debt/Equity ratio: 5.86
-2.90% dividend
I might consider this company as really undervalued with an amazing potential of growth.
Opened to any kind of judgement/debate and constructive criticism, or if you agree, please leave a like :).
MT Buy Opportunity LoadingCommodities have remained very cheap against the recent rise in Major World Indexes.
This includes iron ore.
And this cheapness can create opportunities in the iron and steel industry.
The price can get even cheaper.
The analysis does not contain a very high quality risk / reward ratio, but I think it is possible to make very profitable trades based on this idea in lower time frames.
Parameters
Risk/Reward Ratio : 1 / 1.68
Stop-Loss : 13.632
Goal : 20.43
Correction Maybe FinishedWe were waiting for an abcde sideways move inside the larger B wave.
It looks like either the e wave ended short, or we could have just had an abc inside the B wave, which would mean this could be the next impulsive move up.
We could go long and set our stop loss to $2.30. If price can hold above 2.33, technically this is looking bullish now.
Business Cycle update - Not bottom yet Business cycle still points to more downside for steel prices and treasury yields