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United States Steel CorporationUnited States Steel CorporationUnited States Steel Corporation

United States Steel Corporation

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X trade ideas

X - revisitedIt's been about a month now since X fell out of the uptrend channel that looked so promising. During this time it has (so far) held several prior bottoms and appears to be constructively adding to its extended basing formation. Still like this non momentum play to make some significant gains going forward. Like all cycles its hard to pick the exact spot that the turn will occur but if you buy here and set your stop loss at the $9.93 low, I see a good risk reward play. MACD and RSI starting to look favorable again. Stock is still in the show me phase but with expectations very low any "good news" could put this right back in the channel and on its way back to $16. I believe a lot of the infrastructure here and abroad will need to expand and be redone to usher in the next 10 years of this century and population growth. $1.8 billion dollar market cap. APPL adds ten times that amount to its market cap daily. Just saying.
NYSE:X
by BobbySpa
X - This Stock Looks Dead! (Or is it?) Part 4 (last one)Ok , if you've followed along with the charts to this point we can talk about the wonderful possibility of our 2nd chance to load up again on this stock. If you don't own any stock, be patient, we will see lower prices. But not just yet. Looking at the chart we see what appears to be 3 waves up and now X is making a small triangle wave 4 pattern. This usually happens before the final wave 5 move up. Possibly as high as the "high?" label. At that point some kind of news will probably come up and disappoint investors. Traders will begin dumping the stock, and everybody will feel like "Oh crap! Not again!" as the stock collapses downward again. I've seen this happen so many times, I just simply expect it. Not a surprise. Plan for it. There will be a retracement. Only this time we will be ready as the stock comes down to the buy line. Obviously, I just forecast some possible moves into the future as shown with the blue harmonic pattern. Nobody knows exactly the high price, but plan on another "Bad News" panic again right after the high is put in. Only this time, price will not fall lower than the previous low near where we bought. In Fact, I'll look for a nice strong up day to sell my shares... looking for the 5th wave high soon. Then Short , and retrace price down to target buy line. Then we'll buy! Long term BUY
NYSE:XLong
by whiteknightmoving
3
US Steel could pop on USMCA newsNews of the pending approval of the USMCA trade deal has been somewhat eclipsed by news of the signing of the Phase 1 China trade deal. However, the reality is that the USMCA deal has larger implications than the China deal, since we do a lot more trade with Canda and Mexico than with China. One sector affected by the deal is the U.S. steel industry, because the deal closes loopholes that foreign steelmakers have used to bypass steel tariffs when selling to U.S. manufacturers. That could give steelmaker stocks like X and AKS a nice bump when the media breaks the news of the deal passing in the Senate. However, any bump in steel stocks may be short-term, because the loophole closure is scheduled to take 7 years to go into effect. So I suggest treating this as a quick scalp play, at least until the U.S. manufacturing sector starts to recover.
NYSE:XLong
by ChristopherCarrollSmith
2
X - 2020 Rebound!X is one of the most beat up names of 2019. It touched resistance today for a moment and settled up after a few days of groping for a bottom at FIB support. I suspect that a lot of selling has been tax loss related and now that the new year is here we should see renewed buying interest in X in 2020. Have some work to do after the disappointing press release that shaved $3 plus dollars off the stock. Looking for this to attack $16 in the next couple months. Management has already pre-announced soft results setting the bar very low. Any upside surprises on the next earnings report should give the stock a chance of getting there. Patience.
NYSE:XLong
by BobbySpa
X - DAILY CHART Hi, today we are going to talk about United States Steel and its current landscape. United States Steel is poised to receive increasing attention from the market as relevant events are taking place. The company is walking through a though end of the year as had unveiled that will close its mill near to Detroit, slashing more than 1,500 workers due to financial losses, the company also issued that is cutting its dividend from $0.05 per share to $0.01. Concerning news for United States Steel investors that now see company struggling to keep up amid a context of less economic protectionism as Trump and Xi negotiators walk towards a deal. Thank you for reading and leave your comments if you like. To have access to our exclusive contents, join the Traders Heaven today! Link Below. Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
NYSE:X
by Igor-Silva
1
X = Good News!Stock is on sale today for the holidays 11% off. I have watched and written ideas on this stock for a long time. My underlying theme is patience. The news that they were idling a plant and laying off workers is consistent with management's story over the last six months. From a chart perspective we held above the first breakout level and I think that's significant as it filled a gap that makes sense. Hang in their and look at this is a time to add to or initiate positions. Forest through the trees. The underlying message I took from the press release was that they were working on their strategy to improve the efficiency of the company and provide shareholder value. Long term position for me.
NYSE:XLong
by BobbySpa
6
X - so much potential here!X's price action continues to impress me. It has picked off three levels of resistance and is walking up a defined channel to attack the fourth which is a very key level. Because of the significance of this level current price level has taken longer to prepare for next move. Moving averages behaving nicely with 50 crossing 100 and seeking out the 200 soon. This stock is the anti market and trade resolution is a good thing for steel. Out of favor for years and recently broke thru a long standing downtrend (see other reviews of X that I have done). Be patient with this one but I think it's setting up to attack $16 after all the year end tax loss selling is over. I think 2020 is the year of X. Again, stay patient.
NYSE:XLong
by BobbySpa
2