US Steel - X - Double bottom and uptrend
Stop 22.00
Target 29-30.
Last 24.23.
I like how X held the earnings report "key hidden level" and the gap in the chart and has formed a double bottom here.
The next 3 days have to see X hold above 23.20, so if that isn't the case, then exit.
Look for a slower, steadier rally towards 29-30 over the next couple of months.
And consider shorting GM against a long in X. (I'll publish a chart in that next).
Tim
3:35PM EST 24.24 last X
Target 29-30.
Last 24.23.
I like how X held the earnings report "key hidden level" and the gap in the chart and has formed a double bottom here.
The next 3 days have to see X hold above 23.20, so if that isn't the case, then exit.
Look for a slower, steadier rally towards 29-30 over the next couple of months.
And consider shorting GM against a long in X. (I'll publish a chart in that next).
Tim
3:35PM EST 24.24 last X
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