Back in December we successfully identified and swing traded the bottoming formation in gold miners, followed by energy/oil/gas in early January. Often when one or two sectors show this formation, other related sectors will follow.
Steel is showing signs that it is the next bottoming formation candidate. This sector does not have an ETF to trade, so we look to leading stocks like X.
Notice
bottoming pattern,
bottoming setup,
catalyst,
earnings breakout,
Earnings Setup,
House and Property,
Steel
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