U.S. Steel has received multiple bids for the steelmaker in excess of $40 a share, sources familiar told CNBC. In regards to the news, U.S. Steel shares rose more than 3%. The sale process started in August when rival Cleveland-Cliffs made an unsolicited bid of $7.3 billion. U.S. Steel rejected that offer.
A lot of support below (green rectangle) After that break, price pushed to new highs and now it is pulling back. Ideally we see a retest of previous resistance as support, or if we can see any sort of bull flag and break also validates the idea
by iCantw84it 05.28.2021
At this moment, looks like R1 is broken and uptrend to 9.5 likely, either it breaks or fails and comes back down. PT: $9.5 IF it rises past. stop loss at $9.49 and PT #2: $10.14