Analysis: #NYSE $X
Case 339 #United_States_Steel Corporation
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
#X 1/4
Case 339 #United_States_Steel Corporation
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
#X 1/4
Chart 1
Monthly Chart: Price traded to a new all time low of 4.54, Mar. 2020, but failed to close below the 17 year #trendline support. Watch the #SMA 20 closely as it had acted as #support since .....
X 2/4
Monthly Chart: Price traded to a new all time low of 4.54, Mar. 2020, but failed to close below the 17 year #trendline support. Watch the #SMA 20 closely as it had acted as #support since .....
X 2/4
..... July 2016 then closed below in Aug. 2018 with price unable to trade back above - currently at 13.56.
X 3/4
X 3/4
Chart 2
Weekly Chart: A decent trend has built off the low of 4.54 but we are weary of a move lower. The SMA 50 at 10.30 containing the upside with strong #pivot #resistances at 15.31 - 18.11.
The #Strategy is printed on the image.
$X 4/4
Weekly Chart: A decent trend has built off the low of 4.54 but we are weary of a move lower. The SMA 50 at 10.30 containing the upside with strong #pivot #resistances at 15.31 - 18.11.
The #Strategy is printed on the image.
$X 4/4
