This has pulled back into a gap fill support with a morning star reversal. This should be a great swing trade back to 9
ArcelorMittal will face a support line at 6.79. I'm anxious to see what happens after that.
2 hour candlesticks shows a good view of ArcelorMittal
Last week MTA reached his top from last year (8.24). What i expect from next month is a decrease to 6.79.
MT did not pull back as far as I hoped. But, still a great bullish gap the other day to try and take advantage of. I've updated the entry from 7.68 to 7.85 and moved the stop up to 7.53. I want this to trigger by EOD Wednesday 12/14/16. If it does not trigger by then, I will cancel. 3:1 Risk to Reward if it works out.
its long since did it first time, i have learn that you can find out more about the camphy. you know if it a good stock to buy. 1. you need to study the camphy 2. know what your buying into 3. to understand the stock buiss 4. learn other people 5. have fun doing your work
Not sure that it will pull back this far. Good retest gap today though. Long term support above stop. really good short term support level. May have missed this move, but if it can pull back to the entry, should bounce nicely.
The Price of this stock is less than the book value, and commodity prices are increasing.
Being new to technical analysis trying my first chart of ArcelorMittal. After a long downward channel it broke out downward, my prognoses is that it will correct it self upwards toward the channel. Feel free to comment and add your opinion.
#A-MTS afternoon Comment: Following a higher surge during the EU session this morning. with the pair gained nearly 21 cent. The #A-MTS pair continue's to move up in a strong BULLISH trend as it did for past - days ( view Daily chart above ). On the other hand. #A-MTS is holding well above the long term 200 days simple moving average (that's why we dont...
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Only for my logbook. Important: :-) If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree. Please remind yourself that this is just my personal view on the market and...