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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 Looks like a great Year-long PlayInfrastructure stocks surged recently and are beginning to retrace a bit. While the Stochastic indicator appears to be breaking down, the trend is strong and the cyclical nature of the stock leads me to believe that this is something I want to hold in my portfolio. For cheap plays, I'm looking to add Jan 22 25-35 calls. At 1.60 to 1.80, given the trend line projection, some profit seems assured. If any infrastructure legislation goes through, this stock could easily see 40, but even that would appear to be base-building. Have a pilot position already before it surged but will start adding some call spreads here and should we get more decline, which is quite possible as the overall market is starting to look weak, I'll add more. I plan to update my thoughts on X throughout the year. So stay tuned.
NYSE:XLong
by Glewis54
United States Steel - 2021 infrastructure playUnited States Steel - 2021 infrastructure play 52 week: High 23.86 on Jan 12, 2021 Low 4.90 on Mar 18, 2020 Avg 9.66 for past 1 year Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, risk management Beware of analysts motives Emotions & Opinions FOMO : bad timing Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel www.tradingview.com
NYSE:XLong
by Options360
3
+50% Bullish Move coming on XGood morning traders, today we want to show you our bullish projection on X, since we consider that it has excellent potential for the medium-long term. 🔸To achieve this analysis, we draw the corrective pattern on the monthly chart that has been taking shape since the great fall of 2008, it is a kind of wedge. 🔸The main characteristic of the wedges is that they are composed of 5 ABCDE waves, and in the current figure we see that 4 of the 5 have been formed. 🔸Wave D generated a double bottom in the previous support zone, and since then the price has been rising aggressively, which shows a lot of buying strength in this stock. 🔸We consider that wave E is happening right now, and the target zone corresponds to the Descending Trendline, which is in confluence with a supply zone. 🔸This upward movement corresponds to a rise of approximately 50% in the price.
NYSE:XLong
by ThinkingAntsOk
3
united states steel company analysiswe see that 1- the price now is in 16.79$ which is facing the resistance level 18.48$ and also facing the MA200 which the price didn't cross it since 745 days ago ( that's mean it is a strong resistance ) 2- there is three positive buy signal are still active what we have to do now ? 1- it is ok if we take a position in this level according to the robo signals 2- to be sure we wait to cross the resistance level 18.48$ in weekly frame and the robo signals still active . 3- to be more accurate and positive traders when the price crossing the MA200 we increase the our value in this trade Finally ROBO signals are important we have to keep watching them to increase our profit and minimize loosing money if it is happen trade with your own responsibility
NYSE:X
by Engineer-ibra
The Great American Re-start : Rated X "Let me control a nations steel production and I will show you how to disarm or win battles. " - made it up or heard it from someone Created back in 1901 by New York's most famous names, United States steel was incorporated on February 25. Since then we've seen multiple wars: Crazy Snake Rebellion Border War Negro Rebellion WW1 WW2 Cold War Golf War to American Intervention in Libya (to name a few). These were all examples of how American Steel conquered and protected our freedoms. However, when a specific country entered the WHO around 1999-2001, a unseen battle started to take place at home. Cheap steel from abroad flooded the shores of the American heart land. Industry took advantage of it. But suddenly feel for the honey-trap. As cheap steel flooded in, profits by the cheap steel producers quietly consumed shares of our American might....slowly crippling us from with in. Fast forward 20 years.... I believe the trade tariff steel stung us in the short run. However, now It will help us greatly especially during the time of 'the pandemic.' Why? In short. We cant rely on others. American Made must restart. (look up: foreign companies buying up UK steel) I still believe steel output is vital to home grown manufacturing of steel goods. I also believe the shortage of supplies because of the 'trade-war' had made buying at home extremely important to our supply chain. Technical Analysis Great upside swing in the 5 day. Tuesdays pop smashed past the 70 on the rsi 14. Todays price action landed us back to the 'buy buy buy' zone. Will we see 30+ before February 25? Happy 120! Position - Bull-Bias Long Shares and Long Calls Disclaimer: Short and fast rumble. Needed to get the ideas out. Grammar mistakes, etc... Bull-Bias. NOT FINANCIAL ADVICE sources: war: in MLA format en.wikipedia.org
NYSE:XLong
by MartyLardy