Get ready for the next rally of United States Steel. This is the reversal that we have been waiting for.
It has bounced on its 200EMA, and it has closed above the 61.8% FIB line. This is very bullish in technical sense. Fundamental wise, X is very strong and it should be trading at $90 if that GREECE downgrade did not occur.
This is the best time to add positions to X. I have closed short positions in CLF and HOT, and I am adding on to X.
Bullish target of $82.
No comments:
Post a Comment