ARCELORMITTAL - On its historical lows

Zebulon92600

Junior member
40 1
ArcelorMittal stocks just bounce off its historical lows at 8.3463 (daily chart). A doji is being formed on the candlestick of the day and a bullish divergence appears on RSI (which is getting bullish). A technical rebound is likely a technical to happen (you can monitor buy opportunities on smaller timeframes).

Zébulon, fan of the website : CentralCharts.com

 

Zebulon92600

Junior member
40 1
The rebound began. In the short term, a falling wedge appears.... I aim a return on the upper limit of the pattern and a pullback on 9.46 (last lows)

Zebulan, fan of CentralCharts.com

 

Zebulon92600

Junior member
40 1
don't be too greedy on this value which is fundamentally bearish! given the opening candlestick I prefer to cut my position and take my profit.

Zébulon, fan of CentralCharts.com

 

Zebulon92600

Junior member
40 1
Arcelor stumbled twice on the fibonacci retracement 50% to 9.28 (1h chart). A return below the fibonacci 38.20% at 9.06 will relaunch the downtrend on the stock. I aim 8.80 and 8.62.
Arcelor is fundamentally and technically bearish on the long term ....

Zébulon, fan of CentralCharts.com

 
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock