Chart Analysis and Fair Value Stock Reports - by Permabear Doomster
Thursday, 9 February 2017
X - breaks up and away
Whilst the main market was broadly higher, there was very powerful upside in US Steel (X), which settled +8.4% @ $37.42. Price structure was a big bull flag, which has now been provisionally confirmed. First soft target is the Dec' high of $39.08. The low/mid $40s are a viable target in early March.
Suffice to add... near/mid term bullish.
Long term bullish, with any monthly close >$40... which would offer grander upside to $60 within 9-15 months.