US SteelHolding above the 50 day moving average. Positive industrial catalysts are starting to show in different sectors -- most notably the effect of higher lumber prices and demand.
0LJ9 trade ideas
$X Unites Sates Steel 35% Potential Upside Target
Possible Long above 50ma @ $8.00
Potential upside targets
$9.00 to the 200ma
$10.00 & $11.00 as historical pivots
Indicators bullish.
Volume increasing.
Strong momentum and sentiment switching towards the sector.
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Steel could go higher from here.The important pivot point would be at $10 but I am thinking that I would go long from $8.
$X United Sates Steel Bullish Trade
Potential trade setup on break above $8.20
where 50ma acts as resistance.
Upside target to the dropping 200ma @ $9.30.
MACD crossing Zero-line a bullish signal
United States Steel Corp $X 60% crash ahead possibleI know a lot of people are bullish on this asset and might not want to see this but just giving a tip to what could possibly happen if this plays out. No guarantee this will happen though of course and I wish the best for every trader out there. First let me start by saying this trendline from 2018 has yet to be broken. We had a false break out on June 8th this year but then price was rejected. Since rejected it formed the head in a possible H&S pattern.
Now as you can see here we started creating the right shoulder of this pattern and seem to be in a pennant formation now. Bearish 50 and 200 MA crossover on the 4 hr is getting closer too. This is all just possibilities of what could be coming in the future. If it plays out we are looking at a possible 60% downward move. Good luck traders!
US STEEL CORP HarmonicsNot the Macro- but appears we have finished a enormous bullish shark formation- and the images here are subsets to how this plays out over the immediate / semi long term. We have a Bearish Gartley sitting on top of a Bullish Butterfly. Checkpoints are marked top on the butterfly 9.10 and bottom bounce 6.10.
We will have to see where this plays out to.. the C points are always the most difficult to guestimate, but using Gann here and the supports and angles seem to work out (so we shall see). The butterfly always has the capability of running to a Crab and if so US Steel could go as low as 1 dollar a share.. but this would dismiss the MACRO shark pattern so I am not so inclined to go there right now.
Crazy times...but US Steel is a staple of the nation and in a bear market it will need to show and prove why its the powerhouse that it is. It has suffered during a Trump presidency... and so perhaps this formation plays into the possible outcome of the Election in November?
Lets see. This equity moves extremely slow..and so what we call as intermediate forecast can be as long as a year or 2... but overall a long play on X (after 9 dollar retrace on Gartley could be beneficial)...but you have plenty of time for this to manifest - if at all. Lets see.
X Long Monthly demand Zone (Left Chart)
Daily demand Zone was Confirmed
Trend line Break
Entry: 7.5
Stop: 6.5;
Target: 14; risk/reward=1:6
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$X - Steel taking a beating across the board$X announced that they have taken on significant losses over the past few months where much of it can be tied to the Covid crisis.
Adding fuel to the flames is the 50mm share offering at a price range around 8.50 -8.90 that was announced today.
This would give reason to believe that we will see the share prices sink back into the range I have dubbed the loading zone. This would be the area which would make the most sense to try and average in your shares and then be able to flip back around the 9-10 level later on.
Again, everything I am suggesting here is opinion base and I have yet to not factor in the possibility of a second covid wave.
$X United Sates Steel - Infrastructure plan benefactor? 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 manufacture 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. The company was founded in 1901 by Andrew Carnegie, John Pierpont Morgan, Charles Michael Schwab and Elbert Henry Gary and is headquartered in Pittsburgh, PA.
X Looking To Get VERY LONG On A Retest Of $5 Or SoThis is a very deep value play and only for long term holders. Title says it all. AS always not advice. #stocks #trading #Steel $x
Long Haul- Call XUS Steel is not just at a 5 year low, but is resting on the ultimate supporting channel. It might not shot up as consistently as I want it to, but wow, this is an opportunity of a lifetime right here at 2018 levels. I will be doing a combination of Long Options and the buying of physical shares immediately.
United State Steels $X "cup w handle"It is forming a cup with handle and needs to hold above $8.59 to confirm pattern
12 months Consensus Price Target: $8.11
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Thx
X marks the spotLately I've been hearing a lot of buzz about the American supply chain. Self reliance of domestic goods , from my understanding , is what brought us into the golden age by the american industrial revolution. The vast amount of high quality american products sold all over the country and trough out the world. America was a machine, and well oiled one at last...
Well, so it seems. 60 years later, we have neglected what once made us wonderful. The rust belt is falling apart, the sunshine belt needs sun block. And from the looks of it, things are starting to fall apart.
However....war time powers provide federal stimulus towards interstate infrastructure...will we see this bill pass?
I root yes! And United States steel will turn a purple state solid red.
Lets Rebuild America!
Long-term Bull-Bias shares, and long options.
Here are some vertical lines.
Blah blah blah blah blah...
Shooting for 35 price target before July 2021. Lets go!
disclaimer:
I might be wrong.
THIS IS NOT FINANCIAL ADVICE.
I just wanted the idea out. I didn't put too much effort into typing this.
sources...
civil engineering society score of american infrastructure. you can look it up. i'm lazy
X - still chugging along!Continues its series of higher high and higher lows. MACD and RSI still good on daily and longer timeframes.
X BreakoutBreaking out of a pennant.
If it can make it through the heavy sell zones, it should clear $9.5
X Bear Flag Earnings Play?Classic bear flag to 38% retracement prior to earnings.
What am I missing? (other than the fact that we're living in the upside-down)
