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UNITED STATES STEEL DL 1UU

UNITED STATES STEEL DL 1

46.895EURD
−0.635−1.34%
As of today at 06:02 GMT
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USX1 trade ideas

Taking a close look at US STEEL XI really like US STEEL down here. I've had my eye on this one for some time but the trend is still technically pointing down. Following the price direction and watching strength/momentum is key. I can speculate and say this is an excellent buy (I think it's fantastic).. However, the trend is still pointing down even though I see value here. Notice the hidden bearish divergence it's been forming for months..Be smart and stick to price direction. It could flush 50-60% lower before finding a final bottom..In my opinion it might be best to wait for confirmation of trend change and strength.
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by gghsusa
12
United States Steel Corp $X 60% crash ahead possibleI know a lot of people are bullish on this asset and might not want to see this but just giving a tip to what could possibly happen if this plays out. No guarantee this will happen though of course and I wish the best for every trader out there. First let me start by saying this trendline from 2018 has yet to be broken. We had a false break out on June 8th this year but then price was rejected. Since rejected it formed the head in a possible H&S pattern. Now as you can see here we started creating the right shoulder of this pattern and seem to be in a pennant formation now. Bearish 50 and 200 MA crossover on the 4 hr is getting closer too. This is all just possibilities of what could be coming in the future. If it plays out we are looking at a possible 60% downward move. Good luck traders!
NShort
by ElPsyKongroo369
US STEEL CORP HarmonicsNot the Macro- but appears we have finished a enormous bullish shark formation- and the images here are subsets to how this plays out over the immediate / semi long term. We have a Bearish Gartley sitting on top of a Bullish Butterfly. Checkpoints are marked top on the butterfly 9.10 and bottom bounce 6.10. We will have to see where this plays out to.. the C points are always the most difficult to guestimate, but using Gann here and the supports and angles seem to work out (so we shall see). The butterfly always has the capability of running to a Crab and if so US Steel could go as low as 1 dollar a share.. but this would dismiss the MACRO shark pattern so I am not so inclined to go there right now. Crazy times...but US Steel is a staple of the nation and in a bear market it will need to show and prove why its the powerhouse that it is. It has suffered during a Trump presidency... and so perhaps this formation plays into the possible outcome of the Election in November? Lets see. This equity moves extremely slow..and so what we call as intermediate forecast can be as long as a year or 2... but overall a long play on X (after 9 dollar retrace on Gartley could be beneficial)...but you have plenty of time for this to manifest - if at all. Lets see.
NLong
by Moorsc0de
1
$X - Steel taking a beating across the board$X announced that they have taken on significant losses over the past few months where much of it can be tied to the Covid crisis. Adding fuel to the flames is the 50mm share offering at a price range around 8.50 -8.90 that was announced today. This would give reason to believe that we will see the share prices sink back into the range I have dubbed the loading zone. This would be the area which would make the most sense to try and average in your shares and then be able to flip back around the 9-10 level later on. Again, everything I am suggesting here is opinion base and I have yet to not factor in the possibility of a second covid wave.
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by IMF_Trading
$X United Sates Steel - Infrastructure plan benefactor? United States Steel Corp. engages in the manufacturing and selling of steel products. It operates through the following business segments: Flat-Rolled Products, U.S. Steel Europe, and Tubular Products. The Flat-Rolled Products segment includes managing steel plants and production facilities that manufacture steel slabs, rounds, strip mill plates, sheets, tin mill, iron ore, and coke. The U.S. Steel Europe segment offers producing and marketing strip mill plates, spiral welded pipe, heating radiators, refractory ceramic materials. The Tubular Products segment involves in manufacturing and trading seamless and electric resistance welded steel casing and tubing. line pipe, and mechanical tubing. The company was founded in 1901 by Andrew Carnegie, John Pierpont Morgan, Charles Michael Schwab and Elbert Henry Gary and is headquartered in Pittsburgh, PA.
NLong
by DEXWireNews