Steel
X - (Short Premium) Selling naked puts for premium $$$Selling premium into large selloff using naked puts. Sold the 30 strike put for .96, 33 delta, 50 DTE. This stock is 30% off from its high and pretty beat up. Hoping for a price pop from major support.
Last test of support on OutokumpuI have been working on the theory of the current price action being a smaller fractal of the last bull run from ATL 0.88% .
A pitchfork can confirm the channel play occuring and a slight bullish divergence can give indication on a rally soon.
Three tests of RSI support and vertical support from a major pitchfork . The volume is down almost 70 %. It's not going to stay like this for long.
Buy levels have been around 5€ and I think a 30-40% gain is plausible. This major pitchfork followed by a rally is an exciting idea that could take us even further. Unfortunately the company has been surrounded by some bad news and the sentiment is bearish . The banks give Outokumpu a low security value.
A safer buy is at a confirmation above the red line. I'm overall short-term speculating on this. The OMXH index does not look very promising right now so it will be a tough climb.
ThyssenKrupp AG BUY 20.50After the announcement of the joint venture between ThyssenKrupp and TATA Steel, will help the European seel maker to evade the 25% imposed tariff on European steel producers that the US have announced in the previous month. This fundamentally can boost the price to reach 25.45 in the next 2-3 months, adding on the fact that the price per share is seen as undervalued in relation to industry competitors and the average price of German competitors.
Info possible but not ultimate values:
Entry: 20.50
Take Profit: 25.45
Stop Loss: 16:45
Inverse head and shoulders for TMSTLooks pretty clear to me, I'd set a stop loss right under the red line. Still has to break through LT resistance (yellow line). Just watching right now, I know everyone has rather different opinions of steel currently. What do you guys think? This is the first chart I have ever posted, so any and all criticism is greatly appreciated.
$AKS Bearish Rising Wedge Pre-earnings$AKS Bearish Rising Wedge heading into earnings Monday before market opens.
Note: US Steel (X) sold off significantly post earnings earlier this week.
Currently long 05/04 PUTS
X breaking cloud and 100% level to test 105.5Title says a lot but I'll say a little more; double williams trader long entries on the 29D (1 moon cycle) and 7W (one of gann's cycles I watch near half a quarter in length)
Volume looks good as well
gl hf
xoxo
sn00p
Steel is looking AMAZING right now!!!!!Hey Guys,
Gonna make this very quick.
Steel is looking ridiculous right now. It broke out of its logarithmic resistance (extremely hard thing to do, took around 8 years), is at a daily resistance right now of around 51.60, and has fantastic potential to jump up to 57.00-58.00 MINIMUM, 76.00 being Aggressive. That doesn't even include the new tariff Trump put in place!
I don't prefer to invest in ETF's, so I've found some very specific steel or steel-related value stocks who have grown with the same correlation as the ETF but at a faster Rate of Change. I posted about one recently, VALE, so feel free to check that one out. There are still a couple of gems I've found that I haven't posted about, so see if you can go find them on your own!!
Always try to diversify portfolio's anyway but not in some random, bullshit way. Try to find sectors or stocks with high growth potential and diversify among a couple of them! Steel is a great diversification from Technology so if you have a Nasdaq heavy portfolio, feel free to add some steel to it!
I wouldn't invest yet though, if we break 52 with good volume though, 57 should be achievable in no time and the 5-Day MA should begin to slope upward.
Remember though, do not, and I mean ever, for anybody, follow their advice blindly. I'm not licensed in any way shape or form, just interested to share my ideas with y'all and start a discussion, so make sure to do your own DD!
Any questions, leave them down below!
Nucor Steel Breaking OutNucor is a leader in the U.S steel industry. Currently economies around the globe are undergoing synchronized growth. Steel prices rise as economic activity picks up because expansion coincides with increased construction activity. Two additional bullish events that could boost demand for steel are the passing our an infrastructure spending bill and tariffs on Chinese steel. Nucor has some of the most advanced manufacturing plants and is currently breaking out after a long period of consolidation.
Short But CautionHi guys. Based on my short trading experience I'm humbly making a short call but with caution. Reason: looking too simple to trade. Where is the catch? Have a nice day and I'll post again soon.
Is this the final push in SID? Can it push higher?Reaching previous medium level cycle high of 4.15
Also a Higher level cycle low back in late 2015 of $1
Above 34M ma
Previous higher level cycle high of around $25
Short-term target of 4.15
Long-term target of 25
Fundamentals:
P/E 13.45
Current Ratio 2.20
EPS projected NY growth 181%
Optimism: less than 2% short interest
Positive news building on the way up
Steel producer out of Brazil; construction and the IMP Manufacture's Index is up. DOW is up.
Wide range of products
Down Sides:
Longer than average correction that put RSI into bearish levels.
Trend is slightly reducing its angle.
The average true range increased on the correction
Volume built on the correction.
All the above considered, I was in at 2.80 and I'm staying until 4.10.
Long on U.S. SteelI bought this one back in May at $23.63 when there was the huge drop. It dipped lower and looks like it has recovered and we are on the move to the upside.
I am looking at adding in a call option, potentially to $28 or $29. Will update if I do that.
I hold long term positions for 1+ years and re-evaluate actively.
Happy Investing!
STLD Long IdeaSTLD, appears to be breaking higher out of the bull flag. With the entire sector moving higher like X, AKS, AA, CENX, I think this is a low risk play here. Should be good as long as we stay above the 50SMA.
TATAPOWER super bullMy earlier message about this scrip is void. It was only till the expiry which was today.
This sector has seen too much of negativity in the short run.
Technically, the price has broken the downward pattern.
It has to test the high to contemplate a run downwards.
86 is the short term target and 91 for medium term **if the short term goes well**.
AKS breakout of short term downtrendbreaking downtrend of past two months. hoping to see continuation of overall long term uptrend this year. $AKS
Copper (HG) looking weaker in the short term?Fundamentals around Copper, Steel rebar, Iron ore, Coal not looking so rosy currently. Technically Copper HG looking weak. Dec'16 lows could be next resistance at 2.4785 (Approx LME 5500), a further significant break here could see 38.2% Fib area tested (2.3425) then Nov lows of 2.09. Support may be found at 2.5935.
AUDUSD: Update - Consolidating here will give us continuationIf AUDUSD is to hold here, and eventually break out, and cross the overhead resistance, we can see a massive rally take off, which you definitely don't want to miss. If you missed my previous entries, you may go long here, risking a drop under 0.7811. Keep risk to 0.5-1%. This is a swing trade setup.
If you want, additionally, or perhaps if more conservative, you may use our monthly setup stop loss: 0.75248. Upside is significant, so don't miss this opportunity!
Good luck,
Ivan Labrie.
THYSSEN KRUPP VERY PROMISING FOR BULLSI really like this stock, and i think we could easily see a 20% rally in the coming weeks.
I already bought it some time ago at 22.35 and my emergency stop is currently slightly below 20, i will probably close the position if we break the 22.00 level and dont show signs of a strong reversal.
In my eyes 22.00 is a key level if we break it and stay below it, there is a chance that we are having a top here and an extended downmove is coming.
But looking at the fundamentals regarding this company and the general steel sector i am seeing more chance for a rise towards the 26.40 level to test the 2015 high in the coming weeks.
In my opinion there are 2 options to play the long side on this stock.
1st. buy dips around 22.30 and look for a move towards 26.30, and closing it if it falls below the multiyear trendline and stays below it.
2nd. more conservative option to wait for a false breakout lower toward 21.50 catch it there in hope for a strong reversal, gunning for the next leg higher towards 26.50. And closing it if it does not show any signs of reversing higher.
In both cases its a nice stock to have in the portfolio
Blessings to you all.
US Steel up for resistanceUS Steel is in a nice uptrend since setting the bottom in early 2016. The current uptrend is likely to remain. Recently a long term declining resistance line has been broken (the red dotted line) which had been tested late 2016. After a short pullback the stock price continues its uptrend. Both the MACD and RSI show signals for further advancing of the stock price, both curling up after setting a higher bottom. First potential resistance is the last major top, set in September 2014, around 46. This level is also the 61.8% retracement level formed from the major top around 70 to the bottom in 2016.
I have no position in X, and would be hasitant to enter a long position below 46. After breaking the resistance at 46 (significantly) I would consider a long position.
is the X be able to make it or break it?the united states steel corp (X), may be in a down channel, but I have a long bias, if the stock reaches YP or 29.60 area, and bounces from there to break the channel to the upside.
the possible target would then be 52.50.
In the watchlist...
