Member @murphydoc inquired within the trading room if AKS (AK Steel Holding Corp) & the steel sector might have bottomed along with AKS's earnings induced rally today. My opinion on the next major trend in the steel sector isn't as strong as it was back in January when the I [...]
Member @teeps01 inquired about AKS (AK Steel) within the trading room. AKS, along with the other steel stocks are bouncing today, largely if not exclusively due to the fact that SLX (Steel ETF) is bouncing after the first tag of the primary uptrend line in months. The first tag of [...]
The AKS (AK Steel Holding Corp) short trade has hit T2 (the official final target) for a 20.3% profit. Consider booking profits or lowering stops if holding out for the unofficial 3rd target at 6.75. Original & updated 60-minute charts: While T2 was the official final target, my [...]
AKS (AK Steel) has hit the first target (8.30) for a gain of 14.5%. Consider booking partial or full profits and/or lowering your stops if holding out for T2 or the potential (but still not official) T3. At this point, it would be prudent to lower stops to 10.15, just [...]
This video starts with analysis on gold, silver, platinum & GDX, followed by coverage of the US stock market (via SPY, QQQ & IWM) various sectors & some of the recent trade ideas posted on Right Side Of The Chart.
The following notes & chart outline the entry criterion, price targets & suggested stop-loss level for a swing trade in AKS (AK Steel Holding Corp).
It appears that the steel sector & various individual steel stocks are setting up as potentially lucrative & objective swing trading opportunities. The following video begins with an overview of the steel sector followed by coverage of the following steel stocks: MT, STLD, GGB, X, AKS, WOR, FRD, GSIH & [...]
AKS looks to once again offer an objective short entry following the break of this most recent uptrend line. Unofficial trade idea for now although it might be added as an official short trade with targets & suggested stops next week after the Brexit distraction has passed. Props to member [...]