Hello traders, I've just purchased X I believe it will make a recovery since the catalyst that drove its price down was the earnings that they beat. The Macd is looking good and the price has broken the trendline so I bought some shares. Hope you enjoyed this quick analysis and more to come.
@jverlaan, Thank you for the nice comment and good luck! Have a good day.
JonathanJupiter
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I hate to be a bad news bear, but it looks like a potential head and shoulders. I hope I am wrong for your sake, but I will be placing a short with a tight stop @ 19.50ish
UnknownUnicorn11084119
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@Lozange, I understand your point of view but as long as it remains above the SMA200 I will remain bullish. Have a great day and great trading!
Tigerflying
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Holding 653 shares of X AT 16.83 and 562 shares of CLF at 13.88. The short term sell off is over. Get read for X to march to $28 to $32 next before consolidating. Think infrastructure bill. We are about to witness a massive recovery to 2008 levels with X over $200 over the next 3 years. Ready up for Oil and Steel supercycles. Check out CDEV and RIG. Bought 4k shares of CDEV at .74. Its up over 400% since October. Any pullbacks in CDEV or Rig below $3 and its time to load up. We may get a chance with earnings next week. Happy trading.
UnknownUnicorn11084119
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@Tigerflying, Your other trade ideas are very interesting and I will be following them closely, Thanks
LilZilla
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I made the same analysis but i think i made it a little to early. i got some calls for 19$ but i think i got the wrong exp date :/
UnknownUnicorn11084119
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@LilZilla, Not too late to add some more shares its still trading at a discount in my opinion, thanks for sharing your feedback, and good luck for future trades
Got them at 16.33 ;-)