XMID-TERM: 4hr hidden bullish divergence and bull flag at a major historical support, target is historical resistance and top of flag. (Not financial advice and the stock market is a bit uncertain right now)
X trade ideas
united states steel company analysiswe see that
1- the price now is in 16.79$ which is facing the resistance level 18.48$ and also facing the MA200 which the price didn't cross it since 745 days ago ( that's mean it is a strong resistance )
2- there is three positive buy signal are still active
what we have to do now ?
1- it is ok if we take a position in this level according to the robo signals
2- to be sure we wait to cross the resistance level 18.48$ in weekly frame and the robo signals still active .
3- to be more accurate and positive traders when the price crossing the MA200 we increase the our value in this trade
Finally
ROBO signals are important we have to keep watching them to increase our profit and minimize loosing money if it is happen
trade with your own responsibility
The Great American Re-start : Rated X "Let me control a nations steel production and I will show you how to disarm or win battles. " - made it up or heard it from someone
Created back in 1901 by New York's most famous names, United States steel was incorporated on February 25.
Since then we've seen multiple wars:
Crazy Snake Rebellion
Border War
Negro Rebellion
WW1
WW2
Cold War
Golf War
to American Intervention in Libya (to name a few).
These were all examples of how American Steel conquered and protected our freedoms.
However, when a specific country entered the WHO around 1999-2001, a unseen battle started to take place at home.
Cheap steel from abroad flooded the shores of the American heart land. Industry took advantage of it. But suddenly feel for the honey-trap. As cheap steel flooded in, profits by the cheap steel producers quietly consumed shares of our American might....slowly crippling us from with in.
Fast forward 20 years....
I believe the trade tariff steel stung us in the short run. However, now It will help us greatly especially during the time of 'the pandemic.' Why? In short. We cant rely on others. American Made must restart.
(look up: foreign companies buying up UK steel)
I still believe steel output is vital to home grown manufacturing of steel goods. I also believe the shortage of supplies because of the 'trade-war' had made buying at home extremely important to our supply chain.
Technical Analysis
Great upside swing in the 5 day. Tuesdays pop smashed past the 70 on the rsi 14.
Todays price action landed us back to the 'buy buy buy' zone.
Will we see 30+ before February 25? Happy 120!
Position - Bull-Bias
Long Shares and Long Calls
Disclaimer:
Short and fast rumble. Needed to get the ideas out. Grammar mistakes, etc...
Bull-Bias.
NOT FINANCIAL ADVICE
sources:
war: in MLA format
en.wikipedia.org
GLJ Research Upgrades US Steel (X) to BuyGLJ Research analyst Gordon Johnson upgraded US Steel (NYSE: X) from Hold to Buy with a price target of $17.30.
-Foreseeing a revival of car demand in the U.S., and a revival of "high-end auto steel markets" alongside it, GLJ says it is currently seeing the "most bullish setup we've seen for the US steel sector since mid-2019.
-Global steel prices surging, This is happening at the same time as the U.S. steel market is enduring "acute shortages" in supply.
-GLJ sees "massive ... liquidity" from government stimulus efforts, and more coming down the pike from a "stimulus-friendly Biden Administration."
- In GLJ's view, U.S. Steel, which cost $11 and change yesterday could conceivably soar as high as $17.30 over the next 12 months
www.fool.com
www.streetinsider.com
"X Gon' Give it to Ya"THE FUN:
Don't get it twisted
This commodity rise is mine, fellow investor
It's not a QQQ game
Forget what you've heard about lack of infrastructure spending
It's what you hearin'....the market knows
X gon' give it to ya (what?)
Forget waiting for you to get it on your own, X gon' deliver to ya (uh)
Knock knock, open up the door fibonacci levels, it's real
With the non-stop, pop-pop of stainless steel
Go hard, getting busy wit it
Bullish on X.
THE ACTUAL DD
PICK (ETF) is breaking out.
X LongLong term Down trend Channel breakout
Wedge breakout
Demand Zone Confirmation
This is a longer term plan, target for 13 months.
Entry 10.5
Stop 7
Target1 19;
Target2 27;
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
$X United States Steel $10.00 Within Days
Getting quite a pump by the media and TWTR in recent days,
looking for a move to $10.00 this week before much higher targets come into play.
This is a infrastructure play that is rallying on the promise of spending by whomever becomes the next president.
Very close to a golden cross while volume is also bullish.
Taking a close look at US STEEL XI really like US STEEL down here. I've had my eye on this one for some time but the trend is still technically pointing down. Following the price direction and watching strength/momentum is key. I can speculate and say this is an excellent buy (I think it's fantastic).. However, the trend is still pointing down even though I see value here. Notice the hidden bearish divergence it's been forming for months..Be smart and stick to price direction. It could flush 50-60% lower before finding a final bottom..In my opinion it might be best to wait for confirmation of trend change and strength.
