US Steel Holding Its Gains

Posted on November 11, 2013 by Stock Trade Journal

US Steel (X) broke out November 4th and has been holding its gains for six trading days. It appears to be building a “Cup and Handle” bullish pattern with an upside target of $33 and change. The chart shows an example of prior resistance becoming support – in this case, $26 became support- providing a clear way to manage and quantify risk.

About Stock Trade Journal

The information in this blog is not investment advice. Please consult a financial advisor before investing. I have been trading stock since the 1990's and survived the .com crash. I am developing software applications to help me trade better and now I am making them available to help other traders. This blog is also a way to share my experiences and observations in the market.
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