$X
Added 2024-07-01 20:15:47 +0000 UTCI believe X is at a pivotal moment right now and is now testing its breakout channel, which it was in since 2009, effectively since the '08 crash.
Price broke out after getting acquired by the Japanese and has now given a perfect retest at $35.
A hold above this level and getting back above its 200 Day MA at $40 would confirm the Bull Case and Wave 3, with the next target at $56.
This will likely be slow but I believe it is a market leader for a reason and can continue higher in this impulse count over the next few years.
Comments
Hi Cap, unless im mistaken the acquisition of US steel by Nippon has been postponed till after the US elections.
KG
2024-07-02 05:31:38 +0000 UTC
