X looks bullishlong over 23.20 (Yellow line resistance)
I notice a few other metal names that are also making similar moves
CLF , AA, NUE.
XCL trade ideas
X 2M United States Steel Corp 2M Crash By March 2022 HNStest
China crashes price of steel. I predicted oil would crash from $64. Don't miss Steel...
United States Steel Corp. engages in the manufacturing and selling of steel products. It operates through the following business segments: Flat-Rolled Products, U.S. Steel Europe, and Tubular Products. The Flat-Rolled Products segment includes managing steel plants and production facilities that manufacture steel slabs, rounds, strip mill plates, sheets, tin mill, iron ore, and coke. The U.S. Steel Europe segment offers producing and marketing strip mill plates, spiral welded pipe, heating radiators, refractory ceramic materials. The Tubular Products segment involves in manufacturing and trading seamless and electric resistance welded steel casing and tubing. line pipe, and mechanical tubing. The company was founded in 1901 by Andrew Carnegie, John Pierpont Morgan, Charles Michael Schwab and Elbert Henry Gary and is headquartered in Pittsburgh, PA.
X trying to breakoutTrading under to trendline resistance. Alot of material and metal stocks took a hit with that evergrande situation but it looks to have found buyers at 20.5 range.
We could have a nice breakout confirmed above 23.50
Buy X (united states steel ) 28/9/2021You can buy X target 28.55 stop loss 20
money management your responsibility.
I recommend entering a maximum of 10% of the portfolio.
Good luck
X MY STOCK OF THE DAY-Sitting on 200DAY EMA!On top of Gov shut down looming, the infrastructure bill must be bi partisan and agreed on. I feel this will make a big impact on X as it already has since Biden has been in office. Yesterday EOD perfect bull flag, wish I entered yesterday can't always get what ya want. Long term bull here since$7 bucks or so
I'd play this maybe with a vertical or butterfly where it seems to keep a nice range as far as options go. Its currently sitting right on 200dEMA so we will see
X1Y
RSI is trending up.
MFI is trending down.
5Y
RSI is trending down.
MFI is trending down.
ALL
RSI went oversold and is in a down trend.
MFI is trending down.
There is a gap around $12.
Prediction: Given that the indicators are showing bearish trends, RSI went oversold on the ALL timeframe and there is a gap at $12, we will fall going towards $12.
For my educational purpose, not to be used as financial advice.
US Steel setting up for a big tradeLooks like X is setting up another move down the a weekly horizontal support level at / around $21. This level has held support since Apr 2021 and this represents a high probability zone for a long position.
RSI is in a downtrend and while there was a false breakout above the downtrend, RSI has now broken below the key RSI level which has not been broken since the March 2020 Covid crash. Technically not oversold yet.
MACD has crossed below the zero line and is still dropping.
I will buy in around the $21 price. I typially start with stock and build layers onto the position if it appears to be holding support.
Typically in previous setups like this I will use stock then 90+DTE Call verticals, followed by OTM Butterfly call spreads. Potentially looking at using a Risk Reversal here as well.
if X shows strength soon, a massive breakout could be comingthis seasonal rally may propel X to the high 30s and 40 region
Flag Breakout ComingNice flag on X, bounced very nicely off of support today, showed some strength in after hours. I think its gonna pop for the rest of this week.
US Steel is ready to move higherUS Steel has been consolidating and I think it is ready move higher. The first target will be the range high and then the blue gap. Not financial advice.
Handles a brewin on US SteelCup and handle formation about to complete on US Steel (X). Let' see how this plays out.
X rejectedStrong rejection on breakout of downtrend.
Targets are listed on chart.
Rejection shown in RSI also
Would like to see a fall below 50/100 ma around 24 -24.50 for conformation of a trip back to channel bottom.
A move over fib 26.71 negates this short
XLONG-TERM: Cup and handle at a major historical area with daily classic bullish divergence on the MACD, and daily classic bullish divergence on the RSI. (not financial advice)
X - Testing a Current Weekly LowLooking for support to hold here. Had some 24 calls that expire today against long stock. Will be looking for a bounce next week on the stock and an opportunity to sell more calls. The premiums for X options are quite high. Good volatility for trading.
Channel Up Pattern? CPI Data Hot-X is Steel, Commodities Fall with inflation? Unexpected CPI data,
- MACD converging to bearish
- Under 9 EMA /21 EMA , shorting those as resistance
Steel is Red HotSteel demand is insane
Steel supply has been caught flat footed
I expect USS X to trend up quickly towards 35
Depending on timing and other market conditions ... I also expect this market to drop like a hammer if the economy takes a turndown
$25 call 7-30 exp. $28 price targetSitting above the 200ma w a macd crossover and a parabolic sar. Let’s go
X - UNITED STATES STEEL CORPORATION - BULLISHExpect the US Steel industries to do great this year and the next since restrictions are being lifted.
Chinas steel industry lowered their steel input & output this year due to excess carbon emissions.
CLF & X Will see exponential growth this summer!
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