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Bull Ringer

Investment Advice, Annotated Stock Charts, Business News Analysis, Stock Opinions

Short CPSL at 2.76

Posted on Thursday May 7th, 2009 at 13:10 in Trading, short, stock charts, trend, steel, volume, inc., breakdown, cpsl, china precision steel

Since I’ve been trading charts more, this is an example of an intraday breakdown. I honestly have no clue what this company does aside from the fact that it is called China Precision Steel Inc. but It just ran from 1.5 to 3 on earnings. Take a ...
Steel: Going higher?

Posted on Saturday July 19th, 2008 at 23:24 in stock charts, steel, us steel (x), ak steel (aks), arcelor mittal (mt), companhia siderurgica nacional (sid), mechel (mtl), nucor corp. (nue), posco (pkx)

Steel is the second most traded commodity in the world after oil and was a on a monster roll throughout the first half of the year. Prices reached $1100 per metric ton and are now at a lower range. I can see why some people are still bullish on steel...