ArcerlorMittal (MT) LongWaaaaaay too underpriced stock with amazing fundamentals. Tendency line broken and MA lines crossed. GIVE ME THE PIPS!!!!!
ARRD trade ideas
Arcellormittal [Euronext] LONG, potential 30%+ rise.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 timeframe, this is the confluence of recent support, 50% FIB from Leg 1 and 161.8% extension from (a-b) in Leg 2. (yes, the yellow shaded area)
The chart is not that clean, but you get the point :)
2 Supports and 1 ResistanceI 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!
High Beta (3.36) with a Rising Volume from the beginning of 2016I 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 Portfolio.
My Technical Analysis is very clean and simple. And You need to do the Fundamental homework to make the final decision.
MT Bullish SwingGap 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 I want it to break today's high before entering.
Long - mt - 52 week pop 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 just above $8.50 probably target around $10
Big stock tradeTrump 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 correction.
Daily
Another possible view to keep in mind
en.wikipedia.org
