The Long Investor

$X - WATCHLIST -

Added 2025-03-28 09:41:53 +0000 UTC

I highlighted this chart last week because the price action was testing the wedge breakout level at $40, we have a clear breakout now and a retest of the $40 level too.

Price is up to $45 in the PM now after it was announced that the $X are negotiating with the Trump admin to push through the Nippon merger, as Nippon is proposing to boost investments in US Steel facilities.

When this dropped to $27 in August when the merger was breaking down, I said this was a good investment to consider because all parties have now identified $X as an important company and when the price hits the First Target, this will be a +100% gain.

I think there is still a lot of upside here

A hold above $41 will secure the upside trend.