US Steel: Breaking Down
Two big volume down days have pushed X's price down substantially. I expect carryover downside momentum to take the stock to 23 at the very least and break the previous support area. MACD histogram aggressively trending down and the Bollinger bands are expanding indicating further downside movement here.
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The value of investments may go down as well as up and you may not get back your original investment. Past performance is not necessarily a guide to future performance. This information is suitable for institutional and other accredited investors only. This document does not constitute, or form part of an offer to issue or sell, nor a solicitation to subscribe, in shares, units or other interests in investments. Nor does it constitute investment advice and is for information purposes only. Although wei have taken all reasonable care to ensure that the information contained within is accurate at the time of publication, no representation or warranty is made as to its accuracy, reliability or completeness.
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