X - LongUnited steel could go on long run supported by united state tariff on steel imports, and chart shows a clear breakout + EMA50 & MA200 positively crossed, breaking down the red line @40.50$ invalidate the expected movement.
GL,
XCL trade ideas
48.20 CALL( TAKES DEEP BREATH* ) Price should bounce nicely off that mini 50% FIB level to complete its course to the -61.8% fib extension of the original main trend line - 50% FIB bounce..... (EXHALES)
3:1 short term trade on US Steel (X) X price is currently inside the bullish flag (Positive sign). Zooming into the 5 Min chart, we can see X price is close to the bottom of the upward channel. This trade is set up based on betting the bounce back from the bottom to the target price with 4.4% profit potential with a 1.3% downside risk- attractive trade setup.
This trade idea is only my personal opinion and is not meant to be taken as a investment advice. Trade at your own risk and good luck trading.
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
US STEEL LONGLong Entry at 46.75
Chart is set up for a break out from long term resistance in current value area of 45. Long on news break of imposed taxation of imports on high volume. NYSE:X
US Steel looking dangerousUS Steel ($X) showing bear divergence.. doesn't look good IMO.. We'll see.
X - make or breakDouble top breakout or breakdown. At major multi year resistance area. Lots of charts in equities look like this at the moment
#X $X #long #stockOn the daily scale X looks good. all indicators look good. price continues to build on higher highs and lower lows. I also like that big dip prior to earnings. You want minor pullbacks that do not break the over all trend. Minor pullbacks demonstrate price sustainability.
another thought about this stock stock. steel prices have been doing well this year. That trend will continue so long as the world economy continues to grow. I would also add there are two key events on the horizon for this stock. First, US and chinese trade negotiations are scheduled to meet next week to discuss chinese steel practices. Second, President Trump has vowed to place tariffs on chinese steel. Both could provide catalyst that could boost this stock.
weekly
The weekly is a mixed bag. The MACD looks good. stoch rsi could go either way at this point. while it is pointing down, it has crossed. OBV is rising, but not not a spectacular rate.
Monthly
X looks good on the monthly. indicators are supportive. But what i really want you to notice is the little green curl on the right side of the chart. If you look at stocks that go parabolic they always form that little curl. Sometimes they breakout, some times they don't. Either way look for the little green curl.
Break Out or Break Down ?!Indecisive for the moment, either :
1) Break out of the yearly downtrend channel is true
You can see there :
2) False Break out + Risk of Break Down
You can see a nice raising wedge on the daily chart + It justs hit hard the bollinger bands + oversold condition
==> Have to wait Thurday for the confirmation probably.
Do you have an opinion ;) ?
New High After CorrectionThe correction has been completed and the rise was impressive. This is a good sign for more.
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.
Inverse head & shoulders - waiting on confirmationLikely inverse head and shoulders on the weekly. will next Wednesdays earnings give us the volume needed for confirming breakout? 2018 PT $63
