One additional price target at current levels (21.04) has been added to the X long-term active trade with the original targets remaining the same for now (but re-sequenced as T2-T4). With this trade up 17.9% from entry while at resistance, consider booking partial or full profits and/or raising stops.
X was added to the Long-term Trades category on May 3rd with three price targets listed at the time. Upon further review of the charts, I have added an additional target at current levels as US Steel is now at resistance on the daily chart (50% Fibonacci retracement level + horizontal resistance) where the odds for a pullback are elevated. Longer-term swing & trend traders or investors should not be overly concerned with any pullback here other than maybe raising stops, as the chart still looks constructive longer term. Hard to say how deep a pullback would be if we do get one soon but the scenario as drawn on the daily chart (a pullback to back-test the recent base) would be a very objective area to add back any shares sold today (or establish a new position). Updated weekly & daily charts: