Target 32.50 ( 1 to 5 months )Technical and fundamental good , Good Up Trend going on , Target 32.50 ( Duration 1 to 5 months )
0LJ9 trade ideas
3/6/22 XUnited States Steel Corporation ( NYSE:X )
Sector: Non-Energy Minerals (Steel)
Market Capitalization: 8.198B
Current Price: $31.42
Breakout price: $30.55
Buy Zone (Top/Bottom Range): $29.45-$26.95
Price Target: $38.00-$39.30
Estimated Duration to Target: 65-69d
Contract of Interest: $X 5/20/22 35c
Trade price as of publish date: $2.50/contract
good day for "x" UNITED STATES STEEL CORPORATIONGOOD MORNING,
Today, there are several indicators for the X stock, and all of these indicators say that there is a rise in the coming days, so I think it is good to buy now.
First, we are above the VWAP and above the resistance, so we are a little protected, especially since they are resistances related to days,
Second, the 4EMA indicator is in the correct order and with a good density. It also indicates the rise in addition to MACD as well.
OPEN YOUR WALLETS AND
GOOD LUCK
Trend Evolution for X using basics trendline.Using the basics trendline analysis for X we can see that We are in a bullish channel. At least the security be close to 26.25.
However, in the last three days, we can see a Key Reversal that is pushing the price to channel support.
A price to start accumulating this security is around 21.06 which is near 10% of losses and near the support of 20.43
Short on Unites States Steel. XWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
X Shorting long swing
Invalidation zone at the top of wave 1 (red line)
No fix target yet, consider as it moves
XDaily Chart Report
X looks like it is slowly rolling over. The chart is neutral leaning negative at the current moment. I also want to point out that it did close with increasing volume below the 200D SMA today which is a bearish signal.
Steel company ticker X US Steel I would wait for price to arrive to demand zone, highlighted in the chart attached.
$x long ideaThe growth sell off has made way for other sectors to shine. $X above $26 could provide a great long opportunity for a swing to the Wave 3 target at 1.618 extension ($33)
Support: $24.00
Resistance: $26.00, $28.00
X PutWe have first signs of reversal on the MACD following yesterdays light green bar. Would like to see a LOD break from yesterdays chart for continuation which we are not too far from.
$X BearishCan see $X gapping down and falling until support at $16 range with their next earnings.
Triple top (might be stretching it), definite double top with a descending triangle.
$X Bullish $X having a bullish count, where W2 was a steep ZZ turned into flat. W3 won't start until Earnings or B/O of $24
Final PT $40, most likely 1+ year out
x , us steel , short, to support zoneus steel sort position to reach the support zone
today reached resistance at 21D MA ,
#X seems to be struggling at these levels#X seems to be struggling at these levels this instrument presented a head fake and a lower high we could see prices hit $21.50 this could also be considered a 1 2 3 top at a supply zone.
NYSE:X
What is Going On Here with US Steel?NYSE:X US Steel Corp
I honestly do not know what I am looking at! Overall, this appears to be a sideways move, but with significant volatility. Sitting neatly within the levels shown, but I am not clear on if this is an ascending or descending wedge forming over the last few weeks. Overall market conditions are probably mostly at play here, awaiting for the Fed to 'say something else' with regards to inflation. What do you think?
Infrastructure Play: Plan your levels and tradsWith the infrastructure bill being passed, we may see companies like US Steel and CLF benefit.
It is interesting however to note the current multi-year trading range, so I think that a technical trade plan with an underlying fundamental rationale are both important for active traders getting involved in the infrastructure play.
X - Swing to Upside Now - Look for gap fill to bottom LaterORB for today. Sitting on Doji - Play in Any Direction.
Downside has less Support
than upside has resistance.
If break Up post Blue - Calls
Breaks down past pink - Put
XWe have a typical island reversal pattern on X. If it can hold 23.20 level X will start to see it head higher.
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.
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.
