We had a long position up untill the last top. Then got stopped out today. This stock is still making it's way higher, this week we broke out of the trend channel and onto a new high since march. I think we are moving towards pre-march levels before year end, so still a lot of upside potential. We are now looking for a good entry again. We are approaching...
ArcelorMittal has activated a second bullish impulse with target of 14€, +21% from current price.
All looking good for ArcelorMittal
Arcelormittal is in a very nice and clean corrective structure after a sharp impulse to the downside. Expecting a new impulse down soon as MT is getting closer to its decision point. My first target would be the previous low at around €6.000.
Potential long opportunity on a break of the well defined downtrend which acted as resistance yesterday. Upside gains could be vast.
Hey traders, ARCELORMITTAL is in bullish movement with a hammer buy candle and low buy volume. It is on a bullish slant then breaking the fibonacci, but without any buying force. Great likelihood of going on the last precedent above, if buyers have the appetite. They can fill the bullish gap but little buying power to come on the next high. Please LIKE & FOLLOW, thank you!
I expect $37-$43 stock price for MT until the end of the year 2018.
Arcelormittal podría alcanzar los 19,85€ por acción después de haber hecho un doble suelo.
Arcelormittal MT may reach 21.9$ due to active double bottom, potentialy +48% from current price. Fibo level between 70.4 and 61.8 seems to be a support, stop loss at 14.52$. Sochastic RSI weekly is closing.
Golden cross, double booty and inverse head & shoulders
Stock: MT Prediction: Buy / Long
Commodities have remained very cheap against the recent rise in Major World Indexes. This includes iron ore. And this cheapness can create opportunities in the iron and steel industry. The price can get even cheaper. The analysis does not contain a very high quality risk / reward ratio, but I think it is possible to make very profitable trades based on this idea...