X Post Earnings Analysis

United States Steel Corporation (NYSE:X)

Telah dikemas kini

NYSE:X United States Steel Corporation

X is killing it after a big earnings beat. I would enter a bullish trade on X if it pulls back and maintains its bullish trend. It seems as though the EMA 50 might catch back up to the price and could provide support or become resistance on a cross. I will need to see more before I would have enough inclination to enter.

This idea and analysis is part of a 3-month trading challenge in which I am only using the EMA 50 to indicate trades.

Komen:

X opens the day with more losses. Time will tell if this is a pull back or a reversal back to a SMA 50 touch. With so much bullish sentiment since 30JUN, it would be ambitious to call this a reversal. If X shows signs of a bounce near the 24.75 mark I will take this as an opportunity to enter bullish.

Komen:

Could be forming a flag pattern here. This is becoming more and more of a bullish watch for me.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.