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UNITED STATES STEEL CORP COM USD1UNITED STATES STEEL CORP COM USD1UNITED STATES STEEL CORP COM USD1

UNITED STATES STEEL CORP COM USD1

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0LJ9 trade ideas

X - 2020 Rebound!X is one of the most beat up names of 2019. It touched resistance today for a moment and settled up after a few days of groping for a bottom at FIB support. I suspect that a lot of selling has been tax loss related and now that the new year is here we should see renewed buying interest in X in 2020. Have some work to do after the disappointing press release that shaved $3 plus dollars off the stock. Looking for this to attack $16 in the next couple months. Management has already pre-announced soft results setting the bar very low. Any upside surprises on the next earnings report should give the stock a chance of getting there. Patience.
NYSE:XLong
by BobbySpa
X - DAILY CHART Hi, today we are going to talk about United States Steel and its current landscape. United States Steel is poised to receive increasing attention from the market as relevant events are taking place. The company is walking through a though end of the year as had unveiled that will close its mill near to Detroit, slashing more than 1,500 workers due to financial losses, the company also issued that is cutting its dividend from $0.05 per share to $0.01. Concerning news for United States Steel investors that now see company struggling to keep up amid a context of less economic protectionism as Trump and Xi negotiators walk towards a deal. Thank you for reading and leave your comments if you like. To have access to our exclusive contents, join the Traders Heaven today! Link Below. Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
NYSE:X
by Igor-Silva
1
X = Good News!Stock is on sale today for the holidays 11% off. I have watched and written ideas on this stock for a long time. My underlying theme is patience. The news that they were idling a plant and laying off workers is consistent with management's story over the last six months. From a chart perspective we held above the first breakout level and I think that's significant as it filled a gap that makes sense. Hang in their and look at this is a time to add to or initiate positions. Forest through the trees. The underlying message I took from the press release was that they were working on their strategy to improve the efficiency of the company and provide shareholder value. Long term position for me.
NYSE:XLong
by BobbySpa
6
X - so much potential here!X's price action continues to impress me. It has picked off three levels of resistance and is walking up a defined channel to attack the fourth which is a very key level. Because of the significance of this level current price level has taken longer to prepare for next move. Moving averages behaving nicely with 50 crossing 100 and seeking out the 200 soon. This stock is the anti market and trade resolution is a good thing for steel. Out of favor for years and recently broke thru a long standing downtrend (see other reviews of X that I have done). Be patient with this one but I think it's setting up to attack $16 after all the year end tax loss selling is over. I think 2020 is the year of X. Again, stay patient.
NYSE:XLong
by BobbySpa
2
US Steel Corp Equities Offshore | X US Steel | The name is developing a bottom, with a technical cup and handle formation being the most visible pattern. The price remains below the downward trend line going back to 01 March 2019 when the share made a high of $47.64 however is looking to break above the secondary trend line going back to 24 July. It should also be noted that the 8/21 as well as 50-day EMA is starting to turn higher. Bottom line: this share is developing a bullish bias, is looking to turn and may be considered as a medium term position.
NYSE:XLong
by LD_Perspectives