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Steel

Clear VCP in $VALE, I'm waiting for the breakoutSo the technicals are great, excellent uptrend with the price above its MAs and now formming a third base in which I'm waiting for the breakout to enter a position. The pattern is accompanied by low volume, that's good too. Also, is leading its sector. Very strong realtive strength against the Steel ETF AMEX:SLX , which has a 17% allocation of the stock. Today Zacks gave it a Rank #1 for STRONG BUY and, is Rank #1 in its industry in the IBD Investors Group Leaderboard with a 92 Rating on the IBD Relative Strength. These are all good bullish signs. I'll be setting a stop buy order in $23.35 with a sell target in $27.10. Another thing I like is that NYSE:VALE has a strong revenue growth since 2017.
NYSE:VALELong
by dpuleo19
$CLF averaging up once again*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: My teams original entry for $CLF is at $13. We averaged up on 5/23/21 at $18.06. On 6/10/21 we hit our take profit 1 at $24 per share and secured most of our profits. My team averaged up once again on our remaining positions yesterday before the market closed at $20.60 per share. My team still plans to close this trade completely once our trade reaches our take profit 2. Investors still looking for positions should be advised that $CLF may retest our red trendline before this occurs...but current shareholders have no reason to be concerned with this scenario for it will offer additional buying opportunities. If you want to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:CLFLong
by SimplyShowMeTheMoney
Electrotherm@ breakout levelElectrotherm is short term momentum pick, and this stock has made a rounding pattern and trading at breakout level. Bullish Momentum - Above Short, Medium and Long Term Moving Averages 2.73% away from 52 week high Outperformer - Electrotherm (India) up by 31.67% v/s NIFTY 50 up by 3.81% in last 1 month Pivot R1 R2 R3 PP S1 S2 S3 Classic 169.70 175.60 184.20 161.10 155.20 146.60 140.70 Note: Fundamentals are weak compared to its peers. Disclaimer: The views provided solely for information purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The information presented is for general information purposes only. Although every attempt has been made to assure accuracy, I assume no responsibility for errors or omissions
NSE:ELECTHERMLong
by jeetudixit
1
$GPX June Update*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* We have had eyes on $GPX for some time now. $GPX provides training, e-learning solutions, management consulting, and engineer services to the following companies: Automotive, financial services, insurance, steel, oil, gas, power, chemicals, electronics, education, software, healthcare, retail, food and beverage industries, as well as government agencies. A large portion of the industries that $GPX provides services for are currently on the rise. $GPX has been handling their financials spectacularly and have paved a way for a bright future if their operations continue to run smoothly. My team has been scoping for a long $GPX entry for the past few weeks, and we have finally found our target. We're entering $GPX tomorrow morning 6/15/21 at $16.09 per share. Entry: $16.09 First take profit: $19.5 2nd take profit: $23 Stop loss: $15.25 If you want to see more, please like and follow us @SimplyShowMeTheMoney
GLong
by SimplyShowMeTheMoney
$CLF June Update*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* My teams original entry for CLF is at $13. We averaged up last week at $18.06 and now the stock currently sits at $20.00. Yearly high of $22.9. We expect $CLF to break yearly highs in either the next couple of days or weeks. We still remain long on $CLF, but our team has changed our exit from $26.50 to $24. If you want to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:CLFLong
by SimplyShowMeTheMoney
Industrial metals are set to witness an upcoming rally Industrial metals are set to witness an upcoming rally after Joe Biden's $6T budget proposal, The spending plans would fund investments roads, water pipes, broadband internet, electric vehicle charging stations and advanced manufacturing research. CENX is an industrial metal stock that's being traded within a descending channel on the 4hr time frame since March 12. Momentum and strength indicators are supporting that the stock would move upward to hit $14.65 and $16.25 levels consequitvely on the short term. Century Aluminum shares CENX rose 7.62% in yesterday's trading in a strong session for metals.
NASDAQ:CENXLong
by AlyaAkram
1
CLF SteelThis is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* My teams original entry for CLF is at $13. The stock currently sits at $18.06 with a yearly high of $22.9. The short-term correction seems to be slowing down. CLF seems undervalued at current levels. My team is averaging up on our positions in this range and plan to take profit 2-3 months from now at $26.5.
NYSE:CLFLong
by SimplyShowMeTheMoney
7
Stock To WatchThe Market may have some more room to the downside with the longer term uptrend still intact, many growth names remain choppy at best. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 35 total stocks on this list. I add an additional 5 stocks that are on my potential short squeeze watch list. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
LLong
by Jtacher51
3
Stocks To Watch This WeekThe Market keeps grinding sideways with the longer term uptrend still intact, many growth names remain choppy. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 28 total stocks on this list. I add an additional 5 stocks that are on my potential short squeeze watch list. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
TVC:TNXLong
by Jtacher51
5