brschultz Rule#1: Buy 34 SMA x 500 Hull & Sell Targt 340 Day SMAbrschultz Rule 1: Buy 34 x 500 Hull Sell Target 340 Day SMA
X trade ideas
By 2029 United Steel will most likely be above $100/shareBy 2029 United Steel will most likely be above $100/share
Statistically Speaking, US STEEL is being given away @ these $$$Statistically Speaking, US STEEL is being given away @ these $$$
X going for the golden cross...?X about to perform a 4hr/6m goldencross. This could cause the stock to jump $5-$7 dollars. Take a look in the past for this correlation.
Long Scalp - on XMissed the $11 bear target and seems to although shy but breaking previous support. RSI also increasing though plenty to downtrend to fight against on a longer run perspective.
$X Channel Breakout ... ?US Steel wants to break out of its current negative wedge / channel. Trend lines drawn using CLOSING prices. I think a break that holds will result in a retest of support around 17.
Jul-26 13 puts are priced attractively as of 6/10/19. We'll see what happens tomorrow and beyond.
I don't think that was the bottom for X yetI made 2R on X not too long ago. It has bounce a bit here. I'm hoping to catch it back around the 20 EMA before it drops back down to the previous pivot it had. If this trade works, I will probably only take half the profit at the target and see how much lower it will go.
bear call on X 14/14.5closed previously entered bear call spread on X
entered 5/24 for .17 credit
closed 5/29 .08 debit
net $9 profit
X planx may be developing some tailwinds.
iron ore pricing seems to provide inspiration for buyers.
rsi has so far shown a higher low.
I don't think this is bottom for XLet's see if we can break this short term support for a bearish trade, or if X bounces right here.
X gonna Give it To YA Part 3! Stay Tuned!We might see a reversal but surely is testing supports. we are at a critical point. so follow this TA to stay updated.
cheers
$X X STEEL GETS THE ATTENTION OF THEY BULLS WITH 11% GAIN Much needed relief was felt today by the board and investors in X Steel after a dismal 12 months. Yesterdays earnings produced a surprise in both earnings and revenue thus creating the pop in the stocks price, volume is quite good today also but the stock has a high short interest. Next week will tell us if this provides a opportunity to long on continuation from today's action. No need to rush in, plenty of upside remaining. Company is still trading at a very low 2.3 P/E ration.
Company Description
United States Steel Corp. engages in the manufacturing and selling of steel products. It operates through the following business segments: Flat-Rolled Products, U.S. Steel Europe, and Tubular Products. The Flat-Rolled Products segment includes managing steel plants and production facilities that manufactures steel slabs, rounds, strip mill plates, sheets, tin mill, iron ore, and coke. The U.S. Steel Europe segment offers producing and marketing strip mill plates, spiral welded pipe, heating radiators, refractory ceramic materials. The Tubular Products segment involves in manufacturing and trading seamless and electric resistance welded steel casing and tubing. line pipe, and mechanical tubing.
Vomiting Camel pattern. This thing could really plummet. Albeit lazily drawn, I present the dreaded “vomiting camel” pattern. I’m not making this shit up. There’s actually a pattern you can look for that is a serious fucking bear when you do. It’s got this ridiculous name for obvious reasons, but here it is and I’ve decided on the 4/46 long put, 17 strike. It cost .66 and is at .69 as of 1053am 4/12. I’m not going to get chased away from this one too quickly as it has potential to really plummet. If it goes sideways I’ll look to roll this one.
