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Arcelormittal

ArcelorMittal : Getting stronger again!! Go for the best!ArcelorMittal, the world's leading steel and mining producer, present in 60 countries and with primary steel production facilities in 16 countries, presents a CLEARLY BULLISH technical outlook. If we look at the H1 chart above, the trend is clearly bullish, as are its upper timeframes, H4, Daily, and Weekly. (SEE SUMMARY TABLE). On March 6th, it reached a high in the 32 zone and has since retreated by approximately -12%. March 14th signaled the end of the retracement on the chart, and as expected, it began to rise strongly again. Therefore, we must look for LONG positions on each price pullback. ---> How do we look for long positions? To do this, we'll use any technique we like best, such as Fibonacci retracements, Bollinger Bands, moving average crossovers, etc. In the chart below, we used Bollinger Bands on the M15 chart to enter, and as you can see, today's entry was marked LONG. --> (REMEMBER that we only pay attention to signals that favor the main trend, i.e., BULLISH (Bullish). If a BEARISH (Bearish) signal is given, we ignore it because it is only used to close open positions.) ------------------------------------- Strategy to follow: ENTRY: We will open two long positions in the current area of ​​29.80. POSITION 1 (TP1): We close position 1 in the high zone of 32 (+7.5%). --> Stop Loss at 29.10 (-2.5%). POSITION 2 (TP2): We open a Trailing Stop position. --- Initial trailing stop loss at (-2.5%) (coinciding with the 29.10 of position 1). --- We modify the trailing stop loss to (-1%) when the price reaches TP1 (32). ------------------------------------------- SET UP EXPLANATIONS *** How do you know which two long positions to open? Let's take an example: If we want to invest 2,000 euros in the stock, we divide that amount by 2, and instead of opening one position of 2,000 euros, we open two positions of 1,000 euros each. *** What is a Trailing Stop? A Trailing Stop allows a trade to continue gaining value when the market price moves in a favorable direction, but it automatically closes the trade if the market price suddenly moves in an unfavorable direction by a specified distance. This specified distance is the trailing stop loss. -->Example: If the trailing stop loss is at -1%, it means that if the price drops by -1%, the position will be closed. If the price rises, the stop loss also rises to maintain that -1% during increases. Therefore, the risk decreases until the position enters a profit. This way, you can take advantage of very strong and stable price trends, maximizing profits. Best regards and happy trading!
BME:MTSLong
by jmesado
UPDATE ACL Profit target reached at R2.22Since the price broke abbove the W Formation and the Price went above above 20 and 200 THe momentum and buying just took off at an alarming rate. So within ONE week, the price shot up to R2.21 which was even a surprise to me with the speed of the analysis. So what now? Now, it's in a dangerous area. The trend is so steep it can come down just as fast. If the buyers have conviction they will drive the price sideways first before the next buy up. But we'l have to give it some time before we decide.
JSE:ACLLong
by Timonrosso
Arcelor Mittal blip up before the crash down to 20 cents?Inv Cup and Handle formed on 28 September 2022. The price broke below the Brim level and since then it's been a one way trip down to 80 cents. Right now it seems to turn and approach a bull trap. This is where the price is likely to run up in the next two or three months with the Santa Claus Rally and the January Effect. It will then reach R2.20 to test the 200MA and the downtrend line. Then we will re-evaluate and see if the downside is still imminent to 20 cents. The analysis still stays. I like to consider this a Short Investor position.
JSE:ACLShort
by Timonrosso
UPDATE - ACL still falling like a rock to 20 centsWe unfortunately foresaw an ominous formation with ACL. An Inv Cup and Handle on 22 September 2022 where the first trade analysis was sent. The price broke below the Brim level and has been ever so slowly but evidently falling. The downtrend remains strong with the price below 200MA. And with no end of the bear market in sight, the target remains at 20cents. As deriavtive traders there isn't much we can do to short or take this opportunity. But hopefully it alarms bells for investors who think it's cheap to buy and believe it's reached the bottom. Greed and Ego has no place for investors. There is no point to pick a bottom but rather buy when it's up and in a bull market. Or else one gets emotionally and financially involves and ends up in a bad relationship for years on end.
JSE:ACLShort
by Timonrosso
UPDATE: ArcelorMittal slow death continues to 20cArcelorMittal has shown downside since 2008 where the price was at its peak at R264,00. SInce the financial crisis it's just been down and down for the steel and minin company. It was one of the biggest in the world. and today is showing a slow death. The technicals still confirm downside to come with the Inverse Cup and Handle. The taregt remains at 20 cents. Traders can't do much as there is hardly any short scrip to profit along the way. SO I guess all we can do is watch...
JSE:ACLShort
by Timonrosso
MT to break higher?ArcelorMittal - 30d expiry - We look to Buy a break of 26.51 (stop at 25.56) Daily signals are bullish. 26.47 has been pivotal. Our short term bias remains positive. The bias is to break to the upside. There is no clear indication that the upward move is coming to an end. We are trading within a Bullish Ascending Triangle formation. Our profit targets will be 28.88 and 29.38 Resistance: 26.50 / 27.00 / 28.00 Support: 25.50 / 25.10 / 24.42 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
EURONEXT:MTLong
by Saxo
Arcelormittal to break a resistance. ArcelorMittal - 30d expiry - We look to Buy a break of 22.52 (stop at 21.59) Prices have reacted from 19.40. A break of the recent high at 22.40 should result in a further move higher. Short term bias has turned positive. The RSI is trending higher. This stock has seen good sales growth. Our profit targets will be 24.92 and 25.72 Resistance: 22.50 / 23.50 / 24.50 Support: 22.00 / 21.40 / 21.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
EURONEXT:MTLong
by Saxo
1
Shot term bounce for MT? ArcelorMittal Short Term - We look to Buy at 23.74 (stop at 22.81) Preferred trade is to buy on dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Previous support located at 24.00. Expect trading to remain mixed and volatile. Our profit targets will be 25.77 and 26.28 Resistance: 26.00 / 28.00 / 30.00 Support: 24.00 / 20.00 / 18.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
EURONEXT:MTLong
by Saxo
MT to Head Back to Support? ArcelorMittal - Short Term - We look to Sell a break of 28.39 (stop at 29.95) Bespoke resistance is located at 29.00. Price action has posted a bearish Shooting Star and is negative for short-term sentiment. Previous support located at 24.50. Trading within the Channel formation. The bias is still for lower levels and we look for any gains to be limited. Our profit targets will be 24.50 and 23.15 Resistance: 29.00 / 32.00 / 35.00 Support: 25.50 / 24.00 / 22.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
EURONEXT:MTShort
by Saxo
MT: Buying the Dip ArcelorMittal - Short Term - We look to Buy at 29.48 (stop at 27.95) Preferred trade is to buy on dips. Previous resistance at 30.00 now becomes support. We have a 38.2% Fibonacci pullback level of 29.24 from 23.12 to 33.02. The bias is still for higher levels and we look for any dips to be limited. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 33.01 and 34.40 Resistance: 33.00 / 35.00 / 37.00 Support: 30.00 / 28.00 / 25.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
EURONEXT:MTLong
by Saxo
Arcelor mittal (MT) back in old channelHi, Arcelor Mittal doubled from 10 to 20 in less than 4 months. The strong uptrend didn't make any correction, till it reached the upperband of the channel that is used to trade in. From that point it corrected perfectly fine to a decent Fibonacci level. What we see right now is that it seems to have bottomed at 16.85 levels. The DRSI looks oversold and the on balance volume is still moving upwards. MACD looks perfectly fine, which makes a trade possible. Entry: 16.85 - 17.88 Target: 21.50 Stoploss: 16.30
EURONEXT:MTLong
by Mouzy92
2
MT - Is this the TOP or are we going to 32.5? - ARCELORMITTAL SAArcelorMittal SA is the biggest steel manufacturer in the world. We had a stellar run from the march low and we made good money with this stock. A lot of people believe it has steam left. The big question, is this the top or are we going to go higher? Some institutions have upgraded MT to anywhere between a 25-32.5 EUR target. We got the high steel prices, above average profitability, ECB support on their debt, excellent pickup in demand. What do the charts say? The monthly shows lot's of promise, no signals we are at a top, if you believe in long term trend anylisis. The weekly stochastics look a little overbought, but then again, stochastics arn't the best indicator during very strong upwards or downwards rally's. I believe MT will see some selling off the top, and then try another stab at the 200MA which it broke above last week but fell back under on firday (200MA is white line on the chart below).
EURONEXT:MTLong
by STATICERROR