$X
Added 2024-09-04 19:04:38 +0000 UTCBiden and Harris confirmed today that they will block the buy of $X from Nippon Steel
By doing this, they have identified the importance of US Steel to the US, while at the same time, Japan have identified their desire for this company too
Both are in an agreement, this company is valuable right now
The share price has dropped -20% on this news and the pull back came right down to the Covid low trend line at $26....price was a $50 only 10 months ago.
This is in between the 0.618 Fib and 0.78 Fib, price has recovered slightly to test the 0.618 Fib now
I was attracted to this above $34 and now it is certainly on my radar below $30
I will monitor this with my regular scans to see if we can get a solid support here shortly.
