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UNITED STATES STEEL CORP

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Education - 5 Simple Rules for Trading Excellence Good Day - hope everyone is good, and enjoying the opportunities currently being presented by the Market. Aim of the post above, is to highlight simple principles that can propel Retail Investor chances of success, to the next level. The next level meaning - mental equilibrium, excellent R/R opportunities and the ability to execute opportunities flawlessly. In this 'game of trades', where Banks & Financial Institutions nourish themselves with the excess liquidity that sub-par Retail Traders enthusiastically provide the when they enter trades poorly (either timing or opportunities), it often comes down to a 'mental game' and excellent rules to follow. Please share what you think about the 5 rules, above - and take the opportunity to ask me any burning trading-related questions on your mind! Keep executing flawlessly. Best, Figuring Out Finance
NYSE:XEducation
by FiguringOutFinance
$X : Is Steel Ready For a Fall or Breakup?It appears Steel has reached an area of overhead resistance and at a quick glance one may assume it's ready for a break after temporary sector distortions due to covid and supply issues that plagued many sectors. We also know there are pressures from "cost inflation" as well that plague mines, as well as builders but it seems too early to tell if price will turn around and head down, fairly, quickly, or will these pressures in supply force prices upward. It's also been suggested there is enough supply overhead despite, "sheet mills in North America relying heavily on the low phosphorus pig iron from Ukraine and Russia", according to industry publication the Steel Market Update. Russia and Ukraine’s pig iron supplies account for 60% of US imports. Prices for steel have been falling since the fourth quarter of last year as supply exceeded demand, according to Axel Eggert from the European Steel Association. If supply exceeds demand, it's a no-brainer, however, there's this below: “Ongoing supply chain disruptions, skyrocketing energy and carbon prices, as well as persisting inflation are putting the recovery of the steel sector at risk. Combined with the current EU climate and energy policies, these are the ingredients of a dangerous cocktail that may drive Europe into a structural crisis and industry out of Europe." There's a push and pull of we have enough vs we won't have enough because of a, b and c. It's too early to tell. Need to just watch price as that will be the canary in the coal mine. :)
NYSE:X
by fortunaequitis
X (United States Steel) - Bearish Double Top & Momentum - DailyX (United States Steel Corporation) stock price has double-topped below $38.57. Bearish momentum (MACD) has down-crossed on a daily time frame. Entry (short): $37.25 Profit Target +12% (exit): $32.76 Stop Loss -6% (exit): $39.49 Utilize stop loss, profit targets, position sizing, and risk management. Note: Many stocks and ETFs have already rallied up for the past two weeks, signs of price potentially topping out have formed. XLB (Materials sector ETF) price has also reached a Resistance Zone and could possibly pull back to the downside. All content is Not financial advice. Trade at your own risk.
NYSE:XShort
by NoFomoCharts
$X - Monthly Candle breakoutIn March 2003, X was $10/share roughly. It then went to $190+ over the next 5 years before topping June 2008. I think we are in a multi-year cycle similar to that. You will look back on these prices in many of these materials, metals, energy, and other stocks and wished you had gotten in. However, even though the idea of a new commodity super cycle is fascinating and wonderful, it also will put massive strain on the economy and people's pocket books. It could be what leads us into a recession in 2024. Guess we have to be careful what we wish for. GLL! This is not a recommendation to buy or sell. It is for informational purposes only.
NYSE:X
by UnknownUnicorn16739272