US Steel Group (X) is melting

A look at the chart of US Steel Group (X)

  • On the daily chart we see a clear drop below the 200d MA. Further down to ?
  • A look at the weekly chart shows the support level around 43.
  • A bounce on that level can be a buy signal, for an up move to the 50 level (200d MA)
  • Less risk taking action can be taken when X is again above the 50 level
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