X's price action continues to impress me. It has picked off three levels of resistance and is walking up a defined channel to attack the fourth which is a very key level. Because of the significance of this level current price level has taken longer to prepare for next move. Moving averages behaving nicely with 50 crossing 100 and seeking out the 200 soon. This stock is the anti market and trade resolution is a good thing for steel. Out of favor for years and recently broke thru a long standing downtrend (see other reviews of X that I have done). Be patient with this one but I think it's setting up to attack $16 after all the year end tax loss selling is over. I think 2020 is the year of X. Again, stay patient.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.