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AKS Two Scenarios

Posted by StockBuz on June 12, 2014 at 10:13pm in Commodities, Long Setups, and Sectors

This weekly chart (to me) presents two scenarios:

  • A possible bearish descending triangle
  • A possible double bottom (daily) which would mean this is actually a large cup with handle (bullish)

I already own AKS as a drawer stock so you make the call.  Yes we know the world has slowed but has the slowing stopped?  Consider the macro and current market structure b4 making your decision.

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Tags: aks, steel stocks, steel
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