CHXEUR:MTA is on its support at 24.1€ which has been tested 3 times by the past. We see the reaction on support with strong volumes. Momentum is rising were we can expect price increase on the next days TP1: 26.5 TP2:28.25
Due to double top in one hour chart of MTS, the target of shorting is 26 EUR , around 3% down.
Arcellormittal formed an inverted H&S on the Weekly timeframe. Neckline has been broken and retested, and is currently rising on a nicely defined wedge. Leg D-E is underway, and should take us at least to the 35-40 range in the following weeks, which represents a 30-40% gain. Most probably entry point is @ 27.550, which would be leg 2 of D-E. In the H1...
Hi Traders, Looking for a buy inside the structure. However, watch for the brakeout! Sooner or later is happening. - Hola Traders, Buscando una compra en la estructura. Sin embargo, cuidado con la ruptura! Mas tarde o más temprano sucederá. Carlos
I can see 2 Supports and 1 Resistance in ArcelorMittal...They are having good benefits and good fundamentals, they also said to start giving dividends again...I think I will buy if the resistance is broken and long-term support resists! We need that 22 price to resist and also to break that 26,20 resistance!
I Share this stock based in Price Action and Support and Resistance with a weekly point of view and recomend a holding period of more than 10 months if the things go well. The exit price and Stop Loss remains in your discretion in the future. If you think this Stock is overpriced because the PE Ratio is 9.17. At the end is your decision to add this stock to your...
Como concreté en la 1a idea long (proponía entrada tras correción para buscar long position) Oportunidad short con Risk/reward 2,33. Buscar correción hasta fibo 0.5 (candlestick pattern de entrada) stop si supera vela actual.
Arcelormittal seems to follow a channel starting early 2016. It seems to be testing support at 7. Although there is a chance for a sideway channel, I am positive.
Gap and go today. Also completely filled the bearish gap from 4/12. If we break today's high, I think there is a good chance it continues higher. The one major roadblock to that is the 50 EMA. At the very least, I think it'll pause around the 50. This is an above average risk trade solely because we are right in the middle of a channel. That is part of the reason...
watching mt which has been trading around its 52 week high. We had a breakout of the high recently which since pulled back and consolidated some. I like the volumes here showing some volatility with higher than usual volumes particularly on the swing low. I think this one could pop with sector also outperforming if we come back up will look to place a buy stop...
Tenemos el RSI bajo y la tendecia parece que tira para arriba... esperemos que suba :D
Trump plans on building the wall with 3 things: Steel, Rebar and Concrete. Look at the beautiful weekly divergence with this rebar company located in Texas-- right where the wall will be built. Buy it cheap, because if the plan goes into effect this stock should soar. Even without the fundamentals, technically it looks good for a buy after a small daily...
Bullish Gap and Go today. Good volume. I expect it to open around 8.02 tomorrow and if it breaks the high of today, it should continue higher.