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AoverK
19 de Out de 2017 19:04

$X - US Steel - Long Viés de alta

United States Steel CorporationNYSE

Descrição

Thesis
Long US Steel

The name has been showing strength lately along with several other US Steel and infrastructure related names.

Confirmations:
1. Higher highs on Day chart
2. Higher high on Week chart
3. Above 8 Day EMA
4. Above 21 Day EMA

Contradictions:
1. The price is currently below resistance so this may be an obstacle to price moving higher. If the price breaks above resistance, expect the resistance line to become support during a move higher.

Trade:
Long X

Related Trade:
Long AKS
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