MT: WATCH FOR BREAK OUT
ArcelorMittal, one of the major steel producers.
This is the weekly chart. After a big double bottom, MT is back at historical resistance around 30-31.
I would watch that level and enter a long swing trade if it breaks 31.
First target would be 40.
Most analysts rate this as a buy with a target at 50.
Trade safe.
This is the weekly chart. After a big double bottom, MT is back at historical resistance around 30-31.
I would watch that level and enter a long swing trade if it breaks 31.
First target would be 40.
Most analysts rate this as a buy with a target at 50.
Trade safe.
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