Long
Low risk opportunity in AK Steel
After breaking through inverse H&S and long term resistance in December and making nice rally afterwards, $NYSE:AKS continues to correct in what appears to be bullish flag.
However, now stock finally is approaching various support lines including IHS neckline and current market sell-off may be used as a nice opportunity to attempt low risk buy entry for another major leg higher, if it comes.
However, now stock finally is approaching various support lines including IHS neckline and current market sell-off may be used as a nice opportunity to attempt low risk buy entry for another major leg higher, if it comes.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.