United Steel tries to recoup some losses - Analysis - 08-01-2020

Economies.com
2020-01-08 14:13PM UTC

United Steel's stock rose to recoup recent losses while venting off oversold saturation in the RSI amid positive signals from them, marking a profit of 3.15% amid the dominance of the main downward trend with negative pressure from the 50-day SMA. 

 

Therefore we expect the stock to return lower, targeting the pivotal support of 10.11. 

 

Expected trend for today: Bearish 

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