US Steel (X)

    Posted by jtverr on 7th of May 2010 at 10:58 am

    Has become quite trade-able.  Here's some important charts and #'s:

    Weekly: Support is at 34 MA = 51.10, Resistance is the broken trend line.

    Daily: Support is the 200 MA = 49.77, Resistance is the 13 MA = 56.07 (damm close to the broken trend-line on the weekly, so...)

    15-MIN: Support is at yesterday's lows = 48.90, Resistance is the 200 MA = 54.94.

     

    All the Best!

    -Joe

    Yep nice Joe... I traded

    Posted by piclez on 7th of May 2010 at 08:38 pm

    Yep nice Joe... I traded it today but bought 1/3 too early at open and was gonna buy the dips but I got scared and sold with 50c loss.

    My idea was to double down around $51.2 but market was too ugly then it reversed nicely and oh well... thanks.

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