A Deal In Steel

AK Steel (AKS) & US Steel (X) have both been forming around 5-months ascending triangles with neck-lines at 3.80 & 19.70, respectively. Looking closer inside the triangles both have a clean Complex H&S Bottom in the making.

AKS, Steel, Iron

AKS Daily

X, Steel, Iron

X Daily

ETF fans can use (SLX) showing a similar H&S Bottom that has broke out and targets 51.

Iron, Steel

SLX Daily


One Comment on “A Deal In Steel”

  1. […] stocks are rallying as of late such as Walter Energy & United States Steel shown early on in September. S&P Metals & Mining ETF (XME) has also been bottoming for the last 7 months and has broken […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s